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(U9) Focus back on the contract high.....>

GILT TECHS
GILT TECHS: (U9) Focus back on the contract high
*RES 4: 136.00 Round number resistance
*RES 3: 135.37 Bull channel top drawn off the May 21 low
*RES 2: 135.34 Contract high Aug 15
*RES 1: 135.11/15 High Aug 27 / High Aug 20
*PRICE: 135.05 @ Close Aug 27
*SUP 1: 134.33 Low Aug 27
*SUP 2: 133.38/35 Low Aug 23 / 38.2% retracement of the Jul 12-Aug 15 rally
*SUP 3: 132.74 50.0% retracement of the Jul 12-Aug 15 rally
*SUP 4: 132.67/61 Low Aug 1 / Trendline support drawn off the May 21 low
U9 Gilt found support Friday just ahead of the 38.2% Fibonacci level and
yesterday followed through on the bounce. Former resistance at 134.76 has been
cleared and attention is back on the key resistance and Aug 15 contract high at
135.34. A break would confirm a resumption of the uptrend opening 135.37, the
top of the bull channel drawn off the May 21 low. A failure ahead of 135.34 and
move below yesterday's low of 134.33, would threaten the bullish tone.

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