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(U9) Maintains the current...............>

GILT TECHS
GILT TECHS: (U9) Maintains the current consolidative tone
*RES 4: 131.53 High Sep 7, 2016 on continuation charts
*RES 3: 131.25 U9 Bollinger band 2% top
*RES 2: 131.08 High May 31 (continuation)
*RES 1: 130.92 High June 18
*PRICE: 130.70 @ Close June 20
*SUP 1: 129.98 Low Jun 19 and key support
*SUP 2: 129.80 Low June 12
*SUP 3: 129.52 Low Jun 4
*SUP 4: 129.21 Low May 30
U9 Gilt failed on Wednesday to maintain the bullish tone following Tuesday's
contract high . The overall tone for now remains consolidative. Ultimately
though, with the up-trend intact, price action is likely to push higher. Key
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 therefore confirm a short-term reversal.

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