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(U9) Above bull channel top *RES 4:......>

GILT TECHS
GILT TECHS: (U9) Above bull channel top
*RES 4: 137.88 1.500 projection of May 21 - Jul 4 rally from Jul 12 low
*RES 3: 137.27 1.382 projection of May 21 - Jul 4 rally from Jul 12 low
*RES 2: 136.00 Round number resistance
*RES 1: 135.87 Contract high Aug 29
*PRICE: 135.82 @ Close Aug 29
*SUP 1: 135.52/06 Bull channel top, now support / Low Aug 28
*SUP 2: 134.33 Low Aug 27
*SUP 3: 133.38 Low Aug 23
*SUP 4: 132.76 Bull channel base drawn off the May 21 low
U9 Gilt maintains its uptrend following the print of a fresh contract high once
again yesterday. Prices have also this week traded through the channel top,
drawn off the May 21 low with the focus on 136.00 next. This weeks break above
the channel top is the third attempt this month. A failure to hold above it once
again, would be seen as a bearish warning sign. For now though further trend
gains are anticipated. On Monday, the analysis will switch to the Dec contract.

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