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(H9) Downside Momentum *RES 4: 129.11....>

GILT TECHS
GILT TECHS: (H9) Downside Momentum
*RES 4: 129.11 High Sep 8, 2017 (continuation chart) 
*RES 3: 126.52 High Dec 15, 2017 (continuation chart) 
*RES 2: 125.64 High May 29 (continuation chart) 
*RES 1: 124.49 High Feb 14 
*PREVIOUS CLOSE: 123.79 
*SUP 1: 123.53 Low Feb 21 
*SUP 2: 122.98 Low Feb 4 
*SUP 3: 122.15 Low Jan 18 
*SUP 4: 121.73 Low Nov 22, downtrend support (continuation chart) 
Gilt futures broke below last week's lows yesterday shifting the short term
outlook negative. Bears now focus on yesterday's low at 123.53 with a break
below here suggesting a potential bearish reversal down towards the Feb 4 low at
122.98. The focus for the bulls remains on the Feb 14 high at 124.49. A close
above here would open a return to the May 29 high at 125.64.

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