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(H0) Heading North *RES 4: 135.02........>

GILT TECHS
GILT TECHS: (H0) Heading North
*RES 4: 135.02 2.000 projection of Jan 2 - Jan 6 rally from Jan 9 low
*RES 3: 134.55 1.764 projection of Jan 2 - Jan 6 rally from Jan 9 low
*RES 2: 134.26 1.618 projection of Jan 2 - Jan 6 rally from Jan 9 low
*RES 1: 134.13 High Jan 23
*PRICE: 134.08 @ Close Jan 23
*SUP 1: 133.04 Low Jan 16 and low Jan 21 and key near-term support
*SUP 2: 132.58 Low Jan 15
*SUP 3: 131.94 Low Jan 13
*SUP 4: 131.04 Low Jan 9 and key support
H0 Gilt maintains a firmer posture and extended yesterday's gains, breaking last
week's 133.76 high. The recovery follows a confirmed bullish outlook this month
following the break of former resistance at 132.62, the Jan 6 high. Momentum and
MA studies are pointing north too following these developments and reinforce the
current bullish outlook. The focus is on 134.26 and 134.55 next, both Fibonacci
projections. Support lies at 133.04, Jan 21 low.

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