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(H9) A Close Below 124 Would Give........>

GILT TECHS
GILT TECHS: (H9) A Close Below 124 Would Give Bears The Edge
*RES 4: 129.11 High Sep 8, 2017 (continuation chart) 
*RES 3: 126.52 High Dec 15, 2017 (continuation chart) 
*RES 2: 125.64 High May 29 (continuation chart) 
*RES 1: 124.49 High Feb 14 
*PREVIOUS CLOSE: 124.02 
*SUP 1: 123.75 Low Feb 13 
*SUP 2: 122.98 Low Feb 4 
*SUP 3: 122.15 Low Jan 18 
*SUP 4: 121.73 Low Nov 22, downtrend support (continuation chart) 
Early upside momentum in Gilt futures was given back but prices managed to close
above the 124 level. Bears look for a close below here to target the Feb 13 low
at 123.75. A close below here would lend weight to a bearish reversal opening
the Feb 4 low at 122.98. The focus for the bulls remains on the Feb 14 high at
124.49. A close above here would open a return to the May 29 high at 125.64. 

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