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(U9) Consolidation still dominates.......>

GILT TECHS
GILT TECHS: (U9) Consolidation still dominates
*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: 130.46 @ Close June 27
*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: 128.98 50-day EMA
U9 Gilt remains in uptrend although a consolidative tone continues to dominate.
Tuesday's 130.95 contract high marks key resistance. A clear break would not
only confirm a resumption of the uptrend, it would also signal an end to the
consolidation that has dominated since Jun 7, opening 131.00 & beyond. Initial
support lies at 129.98 which held yesterday. This lies ahead of 2nd support at
129.80. A move through this zone would instead expose a deeper pullback.

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