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(H9) Bulls Target Down Trendline.........>

GILT TECHS: (H9) Bulls Target Down Trendline Resistance
*RES 4: 125.64 High May 29 (continuation chart) 
*RES 3: 124.45 High Dec 10 
*RES 2: 124.19 High Jan 2 
*RES 1: 123.90 Down trendline resistance from Dec 10 high 
*SUP 1: 122.15 Low Jan 18 
*SUP 2: 121.72 Low Nov 22, downtrend support (continuation chart) 
*SUP 3: 121.12 Low Nov 8 (continuation chart) 
*SUP 4: 120.10 High Oct 8 (continuation chart) 
Bulls continue to buy the dips in Gilt futures putting the focus on down
trendline resistance from the Dec 10 high which comes in at 123.90. A break
above here would suggest a bull flag formation, opening the Jan 2 high at 124.19
initially, ahead of the Dec 10 high at 124.45. On the downside bears target the
Jan 18 low at 122.15. A break below here would open the Nov 22 low/downtrend
support at 121.72.

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