(H19) Weak Close But Uptrend Intact......>

GILT TECHS: (H19) Weak Close But Uptrend Intact

*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: 124.41 High Dec 6 

*PREVIOUS CLOSE: 123.83 

*SUP 1: 123.14 Low Dec 7 

*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 had an impressive day yesterday, smashing above last Thursday's

high to bring the May 29 peak into focus. The weak close however gives bears an

opportunity to target the Friday's low at 123.14, below which would strengthen

the case for a bearish reversal down to the Nov 22 lows. Bulls now look to take

out yesterday's high at 124.41 to re-establish upside momentum.