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(U9) Off to the races *RES 4: 132.48.....>

GILT TECHS
GILT TECHS: (U9) Off to the races
*RES 4: 132.48 Bull channel top drawn off the May 21 low
*RES 3: 132.00 Round number resistance
*RES 2: 131.95 3.6180 Fibonacci projection of the 130.04-130.55 move from 130.10
*RES 1: 131.72 U9 contract high Jul 2
*PRICE: 131.57 @ Close Jul 2
*SUP 1: 130.95 High Jun 25 and yesterday's bull trigger
*SUP 2: 130.69 Low Jul 1
*SUP 3: 130.29 Trendline support drawn off the Jun 21 low
*SUP 4: 129.98 Low Jun 19
U9 Gilt had a strong bullish session on Tuesday spurred on by Bank of England
Gov Carney's downbeat comments. Clearance of last Tuesday's contract high at
130.95 marks an end to a broad sideways move that has been in place since Jun 7.
The confirmation of a resumption of the up-trend paves the way for gains towards
the top of a bull channel at 132.48. The channel is drawn off the Jun 21 low.
Initial support lies at 130.95. Look for the upside to extend.

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