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(U9) Shooting Star Bearish/Island........>

GILT TECHS
GILT TECHS: (U9) Shooting Star Bearish/Island Reversal Noted
*RES 4: 135.16 Channel top from May 21 low
*RES 3: 135.01 Contract high Aug 7
*RES 2: 134.43 Gap top from Aug 7 close
*RES 1: 134.17 High Aug 8
*PRICE: 133.84 @ Close Aug 8
*SUP 1; 133.49 Gap base from Aug 2 close
*SUP 2: 133.24 21-DMA, Gap base from Aug 1 close
*SUP 3: 132.45 High Jul 4
*SUP 4: 132.00 61.8% of 135.01 to 130.14
U9 Gilt forming a potential shooting star/island reversal pattern playing out on
daily charts with price action eroding below the 5-day moving average. Downside
gap to 133.49 noted with correction noted out to 133.24 - the value of the
21-DMA and another gap from Aug 2 close.

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