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(U18) Weakness Intensifying *RES 4:......>

GILT TECHS
GILT TECHS: (U18) Weakness Intensifying
*RES 4: 127.00 Measured move from triangle breakout 
*RES 3: 124.67 High May 29 
*RES 2: 124.27 High July 20 
*RES 1: 124.07 High Aug 17 
*PREVIOUS CLOSE: 122.67 
*SUP 1: 122.28 Up trendline support from June lows 
*SUP 2: 121.99 Low Aug 2 
*SUP 3: 121.33 Low June 12 
*SUP 4: 120.01 Low May 17 
After slicing through its 21 and 55-dmas with ease on Tuesday, the Sep-18 Gilt
broke below its up trendline support from the May lows yesterday as the
downtrend intensifies. The bigger picture looks bearish following the failure to
break above 124.0 earlier this month. For bulls to regain control, the August 22
highs at 123.58 would need to be overcome, opening up a run at the August 17
high of 124.07.

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