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

GILT TECHS
GILT TECHS: (H0) Still Heading North
*RES 4: 135.49 2.236 projection of Jan 2 - Jan 6 rally from Jan 9 low
*RES 3: 135.02 2.000 projection of Jan 2 - Jan 6 rally from Jan 9 low
*RES 2: 134.55 1.764 projection of Jan 2 - Jan 6 rally from Jan 9 low
*RES 1: 134.52 High Jan 24
*PRICE: 134.35 @ Close Jan 24
*SUP 1: 133.55 Low Jan 23 and 24
*SUP 2: 133.04 Low Jan 16 and low Jan 21 and key near-term support
*SUP 3: 132.58 Low Jan 15
*SUP 4: 131.94 Low Jan 13
H0 Gilt maintains a firmer posture and extended the upside again on Friday. 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 134.55 and 135.02 next, both Fibonacci
projections. Support lies at 133.55, the Jan 23 and 24 low.

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