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

GILT TECHS
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. 

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