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(H9) Choppy Price Action Keeps Market....>

GILT TECHS
GILT TECHS: (H9) Choppy Price Action Keeps Market Neutral
*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
*PRICE: 123.23 @ 14:50GMT Dec28
*SUP 1: 122.98 Low Dec 13
*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)
Following the Thursday sell-off, prices recovered somewhat but have fallen well
short of inspiring an extended pull higher. To the upside, resistance heading in
to 124.50 will need to be cleared in order to inspire a further recovery. In the
medium-term, momentum indicators remain in the bears' favour. This suggests a
topping pattern may be in play, opening the Nov 22 lows at 121.78.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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