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(H0) Impulsive Rally Extends *RES 4:.....>

GILT TECHS
GILT TECHS: (H0) Impulsive Rally Extends
*RES 4: 136.25 2.618 projection of Jan 2 - Jan 6 rally from Jan 9 low
*RES 3: 136.00 Round number resistance
*RES 2: 135.49 2.236 projection of Jan 2 - Jan 6 rally from Jan 9 low
*RES 1: 135.17 High Jan 27
*PRICE: 134.10 @ Close Jan 27
*SUP 1: 134.56 Low Jan 27
*SUP 2: 133.55 Low Jan 23 and 24
*SUP 3: 133.04 Low Jan 16 and low Jan 21 and key near-term support
*SUP 4: 132.58 Low Jan 15
H0 Gilt maintains a firmer posture and extended its rally again yesterday. The
recovery follows a confirmed bullish outlook this month following the break of
former resistance at 132.62, the Jan 6 high on Jan 15. Momentum and MA studies
are pointing north too following these developments and reinforce the current
bullish outlook. The focus is on 135.49 next, a Fibonacci projection. Initial
support lies at yesterday's 134.56 low.

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