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(H9) Down Trendline Resistance...........>

GILT TECHS
GILT TECHS: (H9) Down Trendline Resistance Approaching
*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: 123.90 Down trendline resistance from Dec 10 high 
*PREVIOUS CLOSE: 123.56 
*SUP 1: 123.36 Low Jan 31 
*SUP 2: 122.15 Low Jan 18 
*SUP 3: 121.72 Low Nov 22, downtrend support (continuation chart) 
*SUP 4: 121.12 Low Nov 8 (continuation chart) 
Gilt futures are edging towards 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 need to break below 123.36 to return to a
neutral outlook, while a break below the Jan 18 low at 122.15 would open the Nov
22 low/downtrend support at 121.72.

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