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(H0) Neutral To Softer For Now *RES 4:...>

GILT TECHS
GILT TECHS: (H0) Neutral To Softer For Now
*RES 4: 133.35 High Dec 2
*RES 3: 133.00 Round number resistance
*RES 2: 132.62 High Jan 6 and bull trigger
*RES 1: 131.93 High Jan 7
*PRICE: 131.21 @ Close Jan 9
*SUP 1: 131.04 Low Jan 9
*SUP 2: 130.63 Low Jan 2
*SUP 3: 130.45 Low Dec 13 and bear trigger
*SUP 4: 130.00 psychological round number
H0 Gilt found resistance at Monday's 132.62 high and has remained softer all
week. The recent focus had been on the potential for gains following the strong
rebound late last week. However given the price action this week, clearance of
Monday's high at 132.62 is required to signal a more convincing bullish
development. This would open 133.00 and 133.35 next. On the downside, support is
at 130.63, Jan 2 low. A break would reopen primary support at 130.45.

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