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(U9) Shooting Star Bearish Reversal......>

GILT TECHS
GILT TECHS: (U9) Shooting Star Bearish Reversal Noted
*RES 4; 136.00 Psychological level
*RES 3: 135.70 Channel top from May 21 low
*RES 2: 135.00 Psychological level
*RES 1: 134.30/31 0.504% yield equivalent 10-year Gilt (Aug 2016 yield low)
*PRICE: 133.99 @ Close Aug 6
*SUP 1; 133.49/53 Gap base from Aug 2 close, 5-DMA
*SUP 2: 133.24 Gap base from Aug 1 close
*SUP 3: 132.45 High Jul 4
*SUP 4: 131.79/99 Low Jul 26, 21-DMA
U9 Gilt fading lower after hitting key topside level at 134.30 - the 0.504%
yield equivalent level on 10-year Giit (Aug 2016 yield low). In addition, al
shooting star bearish reversal candlestick is also noted - small body, long
upper wick, and little or no lower wick - implying a potential bearish pattern
in an uptrend. Support is at gap base from Aug 2 close at 133.49 ahead of
another gap base from Aug 1 close at 133.24 eyed.

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