(H19) Early Weakness Sets The Tone.......>

GILT TECHS: (H19) Early Weakness Sets The Tone

*RES 4: 127.00 Inverse head-and-shoulders target (continuation chart) 

*RES 3: 126.52 High Dec 15, 2017 (continuation chart) 

*RES 2: 125.64 High May 29 (continuation chart) 

*RES 1: 123.48 High Dec 4 

*PREVIOUS CLOSE: 123.01 

*SUP 1: 122.26 Low Dec 3 

*SUP 2: 121.72 Low Nov 22 

*SUP 3: 121.12 Low Nov 8 (continuation chart) 

*SUP 4: 120.10 High Oct 8 (continuation chart) 

Gilt futures suffered steep losses yesterday as early weakness set the tone for

the day with the pair just managing to regain the 123 level at the close. The

near-term outlook now shifts neutral with bears looking for a break below

Monday's low at 122.26 to suggest a downside reversal is in the offing. Bulls

need to take out Tuesday's high at 123.48 to reignite the uptrend and target the

May 29 highs.