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(U9) Correcting within the bull..........>

GILT TECHS
GILT TECHS: (U9) Correcting within the bull channel
*RES 4: 133.00 Round number resistance
*RES 3: 132.80 Bull channel top drawn off the May 21 low
*RES 2: 132.45 4.6180 Fibonacci projection of the 130.04-130.55 move from 130.10
*RES 1: 132.45 U9 contract high Jul 4
*PRICE: 131.87 @ Close Jul 8
*SUP 1: 131.32 Low Jul 5
*SUP 2: 130.95 High Jun 25 and former bull trigger
*SUP 3: 130.71/69 Trendline support drawn off the Jun 21 low / Low Jul 1
*SUP 4: 130.00 Round number support
U9 Gilt remains below Friday's contract high.The recent move lower is being
viewed as a correction. Whether or not the retracement extends all the way down
to channel support at 130.71 remains to be seen. This is a key support parameter
where a break, together with a daily close below, would signal a near-term trend
reversal and open 130.04. On the topside, the focus is on last Friday's contract
high of 132.45, the bull trigger for a resumption of strength.

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