(H9) False Bearish Break *RES 4:.........>

GILT TECHS: (H9) False Bearish Break

*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: 124.45 High Dec 10 

*PREVIOUS CLOSE: 123.39 

*SUP 1: 122.85 Low Dec 31 

*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) 

Gilt futures dipped below uptrend support from the Nov 23 lows yesterday before

recovering losses to keep the Dec 31 low at 122.85 intact. A close below here is

now needed to shift the focus to the Nov 22 lows at 121.72. A move above the

mid-Dec highs at 124.45 is needed to open the May 29 peak on the continuation

chart at 125.64.