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(H0) Sharply Lower *RES 4: 135.52 High...>

GILT TECHS
GILT TECHS: (H0) Sharply Lower
*RES 4: 135.52 High Jan 30
*RES 3: 135.11 High Feb 3
*RES 2: 134.60 High Feb 10 and key near-term resistance
*RES 1: 134.32 High Feb 13
*PRICE: 133.44 @ Close Feb 13
*SUP 1: 133.22 Low Feb 13
*SUP 2: 133.04 Low Jan 21
*SUP 3: 132.75 61.8% retracement of the rally between Jan 9 - Jan 30
*SUP 4: 132.58 Low Jan 15
H0 Gilt traded sharply lower yesterday. The break of 133.57, Feb 6 low confirms
a resumption of the pullback that began on Jan 30. Price has retraced 50% of the
rally between Jan 9 - Jan 30. The focus shifts to the 61.8% retracement at
132.75. On the upside, initial resistance is seen at yesterday's high of 134.32
however a break of 134.60, Feb 10 high is required to signal a bullish reversal.
For now, a bearish theme dominates.

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