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(H9) Hold Of 55-DMA Keeps Outlook........>

GILT TECHS
GILT TECHS: (H9) Hold Of 55-DMA Keeps Outlook Neutral
*RES 4: 126.52 High Dec 15, 2017 (continuation chart) 
*RES 3: 125.64 High May 29 (continuation chart) 
*RES 2: 124.45 High Dec 10 
*RES 1: 124.00 Down trendline resistance from Dec 10 high 
*PREVIOUS CLOSE: 123.25 
*SUP 1: 122.58 55-dma 
*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 are back on the front foot following the failure of bears to break
below the 55-dma. Bulls look to target the 124 level which marks down trendline
resistance from the Dec 10 high. Above here would open a return to the Dec 10
high at 124.45, extending the broader bullish trend. Bears need to break below
the 55-dma at 122.58 to shift the focus to the Nov 22 lows at 121.72 and trigger
a double top formation.

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