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(H0) Pullback Likely A Correction *RES...>

GILT TECHS
GILT TECHS: (H0) Pullback Likely A Correction
*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: 135.28 High Jan 28
*PRICE: 134.62 @ Close Jan 28
*SUP 1: 134.43 Low Jan 28
*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 pulled back yesterday. The move off Tuesday's high reflects an easing of
the risk averse mood that has dominated market sentiment recently. From a
technical standpoint however, the pullback is viewed as a correction following
sharp gains since Jan 9. Bullish trend conditions have been in place since the
Dec 13 low of 130.45 and scope is seen for further upside with the focus on
135.49 next, a Fibonacci projection. The next firm support lies at 133.55.

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