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(M9) Bulls Still In Control *RES 4:......>

GILT TECHS
GILT TECHS: (M9) Bulls Still In Control
*RES 4: 132.98 High Aug 31, 2016
*RES 3: 131.51 High Sep 27, 2016
*RES 2: 131.08 High May 31
*RES 1: 131.00 Resistance
*PRICE: 130.60 @ Close May 31
*SUP 1: 129.63 Low May 24
*SUP 2: 128.19 Low May 21
*SUP 3: 127.73 Low May 8
Gilt futures edged back from best levels on Friday, but the bullish trend
remains intact. A break above 131.00 would put the focus on 131.08 ahead of the
Sep 27, 2016 high at 131.51 on the continuation chart. Bears need a break back
below the May 24 low at 129.63 to stabilise the outlook, while a break below the
May 21 low at 128.19 would suggest a potential downside reversal.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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