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

GILT TECHS
GILT TECHS: (H0) Focus On Key Resistance
*RES 4: 134.26 1.618 projection of Jan 2 - Jan 6 rally from Jan 9 low
*RES 3: 134.02 1.500 projection of Jan 2 - Jan 6 rally from Jan 9 low
*RES 2: 133.79 1.382 projection of Jan 2 - Jan 6 rally from Jan 9 low
*RES 1: 133.76 High Jan 17
*PRICE: 133.45 @ Close Jan 17
*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 maintains a firmer tone and traded higher again Friday. Rate
expectations continue to drive sentiment. The break of resistance at 132.62, Jan
6 high last week confirmed a short-term bullish theme. Attention is on key
resistance at 133.59, Nov 26 high which was probed Friday. A clear break would
further reinforce a bullish outlook and open 133.79 and 134.02, both Fibonacci
projections. Initial support lies at the Jan 15, 132.58 low.

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