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(H19) Higher Lows Define Trend *RES 4:...>

GILT TECHS
GILT TECHS: (H19) Higher Lows Define Trend
*RES 4: 124.27 High July 20 (continuation chart) 
*RES 3: 124.07 High Aug 17 (continuation chart) 
*RES 2: 123.59 High Sep 4 (continuation chart) 
*RES 1: 123.40 High Nov 15 (continuation chart) 
*PREVIOUS CLOSE: 122.38 
*SUP 1: 121.72 Low Nov 22 
*SUP 2: 121.12 Low Nov 8 (continuation chart) 
*SUP 3: 120.10 High Oct 8 (continuation chart) 
*SUP 4: 119.81 Low Oct 12 (continuation chart) 
Gilt futures continue to post higher lows but the breakout from the recent bull
flag pattern has lacked conviction. Bulls need to take out the Nov 15 high at
123.40 to trigger extend the rally to new cycle highs. A move below the Nov 22
low at 121.72 would be needed to turn the technical picture bearish.

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