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TECHS: (Z18) Stabilizing *RES 4:.........>

GILT TECHS
GILT TECHS: TECHS: (Z18) Stabilizing
*RES 4: 128.02 High July 17 
*RES 3: 127.70 High Sep 18 
*RES 2: 123.37 55-dma 
*RES 1: 120.97 High Oct 11 
*PREVIOUS CLOSE: 119.76 
*SUP 1: 118.39 Low Oct 9 
*SUP 2: 118.00 Channel bottom (continuation chart) 
*SUP 3: 117.87 Low May 8, 2013 (continuation chart) 
*SUP 4: 113.64 Low Jan 3, 2014 (continuation chart) 
BTP futures are stabilizing following the recent decline but the downtrend
remains intact and bulls need to overcome yesterday's high at 120.97 to give
shift the outlook neutral. Above here opens the 55-dma at 123.37, a break of
which is needed to gives bulls the edge. On the downside, a close below 118.39
is still needed to extend the downtrend towards the bear channel bottom at
118.00.

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