(H9) Large Down Day Gives Bears The......>

GILT TECHS: (H9) Large Down Day Gives Bears The Edge

*RES 4: 125.64 High May 29 (continuation chart) 

*RES 3: 124.45 High Dec 10 

*RES 2: 124.19 High Jan 2 

*RES 1: 123.96 Down trendline resistance from Dec 10 high 

*PREVIOUS CLOSE: 122.63 

*SUP 1: 122.15 Low Jan 18 

*SUP 2: 121.72 Low Nov 22, downtrend support 

*SUP 3: 121.12 Low Nov 8 (continuation chart) 

*SUP 4: 120.10 High Oct 8 (continuation chart) 

Gilt futures suffered a large down day on Friday which gives bears the momentum

to target the Jan 18 low at 122.15. A break below here would open the Nov 22

low/downtrend support at 121.72. Bulls look to recover down trendline resistance

from the Dec 10 high to suggest a bullish continuation. A break above here would

open the Jan 2 highs at 124.19 ahead of the Dec 10 high at 124.45.