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(H9) Bears Focus On Jan 18 Lows *RES.....>

GILT TECHS
GILT TECHS: (H9) Bears Focus On Jan 18 Lows
*RES 4: 125.64 High May 29 (continuation chart) 
*RES 3: 124.45 High Dec 10 
*RES 2: 123.90 Down trendline resistance from Dec 10 high 
*RES 1: 122.96 High Jan 22
*PREVIOUS CLOSE: 122.64 
*SUP 1: 122.15 Low Jan 18 
*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) 
Bears have been unable to extend the downtrend in Gilt futures but the bearish
trend remains intact below 122.96, keeping the bigger picture focus on the
downside. A break below the Jan 18 low at 122.15 is needed to open the Nov 22
low at 121.72. A double top pattern has been triggered with the downside target
coming in at around 121.00. Bulls look for a recovery above the Tuesday's high
at 122.96 before targeting down trendline resistance from the Dec 10 high.

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