(H9) Below 122.85 Would Suggest A........>

GILT TECHS: (H9) Below 122.85 Would Suggest A Bearish Reversal

*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 10 

*PREVIOUS CLOSE: 123.35 

*SUP 1: 122.85 Low Dec 31 

*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)

Recent rally efforts in H9 gilt future have failed to take out the mid-Dec highs

at 124.45 suggesting upside momentum is fading. A move above here is needed to

open the May 29 peak on the continuation chart at 125.64. Bears need to break

below the Dec 31 low at 122.85 to suggest a bearish reversal pattern towards the

Nov 22 lows at 121.72.