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(U9) Bearish divergence between price....>

GILT TECHS
GILT TECHS: (U9) Bearish divergence between price & momentum a concern for bulls
*RES 4: 131.53 High Sep 7, 2016 on continuation charts
*RES 3: 131.25 U9 Bollinger band 2% top
*RES 2: 131.08 High May 31 (continuation)
*RES 1: 130.92 High June 18
*PRICE: 130.04 @ Close June 19
*SUP 1: 129.98 Low Jun 19
*SUP 2: 129.80 Low June 12 and key trend support
*SUP 3: 129.52 Low Jun 4
*SUP 4: 129.21 Low May 30
U9 Gilt failed yesterday to maintain the bullish tone from Tuesday.The strong
sell-off yesterday highlights either, that consolidation will dominate near-term
or that the recent uptrend is mature and a correction is likely. Key will be
whether prices remain above 129.80 support and risk parameter for bulls. Looking
at the 14-period RSI, bearish divergence between price and momentum has
developed. A move below 129.80 confirms a short-term reversal.

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