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(U9) Consolidation pattern holds for.....>

GILT TECHS
GILT TECHS: (U9) Consolidation pattern holds for now
*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: 130.92 High June 18
*PRICE: 130.63 @ Close June 24
*SUP 1: 129.98 Low Jun 19
*SUP 2: 129.80 Low June 12 and key support
*SUP 3: 129.52 Low Jun 4
*SUP 4: 129.21 Low May 30
U9 Gilt remains in an uptrend. However the consolidative tone that has dominated
since Jun 7 dominates for now. With the uptrend intact, the consolidation is
likely eventually to be resolved to the upside. 130.92, the Jun 18 high marks
the bull trigger. Support lies at 129.80 and represents the risk parameter for
bulls. Looking at the 14-period RSI, bearish divergence between price and
momentum has developed. A move below 129.80 would confirm a reversal.

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