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(U9) Consolidation continues to..........>

GILT TECHS
GILT TECHS: (U9) Consolidation continues to dominate
*RES 4: 131.53 High Sep 7, 2016 on continuation charts
*RES 3: 131.08 High May 31 (continuation)
*RES 2: 131.25 U9 Bollinger band 2% top
*RES 1: 130.95 U9 contract high June 25
*PRICE: 130.55 @ Close June 26
*SUP 1: 130.12 Low Jun 21 and key support for today
*SUP 2: 129.98 Low Jun 19
*SUP 3: 129.80 Low June 12 and key support
*SUP 4: 129.52 Low Jun 4
U9 Gilt remains in an uptrend although once again bullish follow through on a
break to new highs has failed to materialise & a consolidative tone dominates.
Tuesday's 130.95 contract high marks key resistance. A clear break would confirm
a resumption of the uptrend & also signal an end to the consolidation that has
dominated since Jun 7 paving the way for a move towards 131.00 & beyond. On the
downside, initial support lies at 130.12 ahead of 129.98.

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