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(H9) Bulls Eye Trendline Resistance......>

GILT TECHS
GILT TECHS: (H9) Bulls Eye Trendline Resistance
*RES 4: 125.64 High May 29 (continuation chart) 
*RES 3: 124.45 High Dec 10 (continuation chart) 
*RES 2: 124.19 High Jan 2 
*RES 1: 123.80 Down trendline resistance from Dec 10 high (continuation chart) 
*PREVIOUS CLOSE: 123.68 
*SUP 1: 122.98 Low Feb 4 
*SUP 2: 122.56 100-dma (continuation chart) 
*SUP 3: 122.15 Low Jan 18 
*SUP 4: 121.73 Low Nov 22, downtrend support (continuation chart) 
Gilt futures continue to put pressure on down trendline resistance from the Dec
10 high which now comes in at 123.80. A break would suggest a bull flag
formation, opening up the Jan 2 high at 124.19 initially, ahead of the Dec 10
high at 124.45. On the downside bears need to break below Monday's low at 122.98
to garner traction and target the 100-DMA.

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