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(H0) Focus On Key Resistance *RES 4:.....>

GILT TECHS
GILT TECHS: (H0) Focus On Key Resistance
*RES 4: 134.02 1.500 projection of Jan 2 - Jan 6 rally from Jan 9 low
*RES 3: 133.79 1.382 projection of Jan 2 - Jan 6 rally from Jan 9 low
*RES 2: 133.59 High Nov 26 and bull trigger
*RES 1: 133.53 High Jan 16
*PRICE: 133.42 @ Close Jan 16
*SUP 1: 132.58 Low Jan 15
*SUP 2: 131.94 Low Jan 13
*SUP 3: 131.04 Low Jan 9 and key near-term support
*SUP 4: 130.63 Low Jan 2
H0 Gilt traded sharply higher Wednesday as rate expectations drove sentiment
and, also edged higher yesterday. The break of resistance at 132.62, Jan 6 high
has confirmed for now at least, a short-term bullish theme. Attention turns to
the next key resistance at 133.59, Nov 26 high where a break if seen, would
further reinforce a bullish outlook. This would open 133.79 and 134.02, both
Fibonacci projections. Initial support lies at Wednesday's 132.58 low.

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