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(H0) Downtrend Intact *RES 4: 133.59.....>

GILT TECHS
GILT TECHS: (H0) Downtrend Intact
*RES 4: 133.59 High Nov 26 and key resistance
*RES 3: 133.56 High Nov 27
*RES 2: 133.35 High Dec 2
*RES 1: 132.42 High Dec 12 and intraday key resistance
*PRICE: 131.29 @ Close Dec 12
*SUP 1: 131.19 Low Dec 12
*SUP 2: 130.66 1.618 projection of Nov 26 - Dec 3 decline from Dec 4 high
*SUP 3: 130.42 1.764 projection of Nov 26 - Dec 3 decline from Dec 4 high
*SUP 4: 130.00 Psychological round number
H0 Gilt remains under pressure trading sharply lower yesterday to register a
fresh trend low print of 131.19. This confirms a resumption of the underlying
downtrend that has been in place since September. With bearish conditions
clearly in place, scope is seen for weakness towards 130.66 and the
psychological 130.00 level. The former level is a Fibonacci projection. Initial
resistance is seen at yesterday's high of 132.42.

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