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

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.