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(U9) All eyes on trendline support.......>

GILT TECHS
GILT TECHS: (U9) All eyes on trendline support
*RES 4: 136.45 2.618 projection of Jun 27-Jul 4 rally from Jul 12 low
*RES 3: 136.00 Round number resistance
*RES 2: 135.88 2.382 projection of Jun 27-Jul 4 rally from Jul 12 low
*RES 1: 135.34 Contract high Aug 15
*PRICE: 134.54 @ Close Aug 16
*SUP 1: 134.27/25 Trendline support drawn off the Jul 12 low / Low Aug 16
*SUP 2: 133.91 Low Aug 13
*SUP 3: 133.73 Low Aug 8
*SUP 4: 133.33 Low Aug 2
The sell-off Friday in U9 Gilt brings into focus trendline support at 134.27,
drawn off the Jul 12 low. This level lies just above Friday's low of 134.25. A
break of this key support area would highlight a top in the trend and signal the
potential for a much needed correction. This would open 133.73 as an initial
objective, the Aug 8 low. The trend is overbought, so bears would have momentum
on their side should the trendline break. Key resistance is 135.34.

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