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(U9) Trendline support cleared *RES 4:...>

GILT TECHS
GILT TECHS: (U9) Trendline support cleared
*RES 4: 132.45 Contract high Jul 4
*RES 3: 132.00 High Jul 7
*RES 2: 131.39 High Jul 11
*RES 1: 131.08 Former bull channel support, drawn off the May 21 low
*PRICE: 130.36 @ Close Jul 11
*SUP 1: 130.28 Low Jul 11
*SUP 2: 130.04 Low Jun 27
*SUP 3: 129.98 Low Jun 19
*SUP 4: 129.75 50-day EMA
U9 Gilt sold off sharply yesterday resulting in a break of its bull channel
support at 130.91. The channel is drawn off the May 21 low. This development
together with momentum studies that remain bearish suggests further weakness is
likely near-term. Attention is on support at 130.04 and 129.98. The 50-day EMA
lies at 129.75 and also represents an objective. Resistance is provided by the
former trendline support that intersects at 131.08 today.

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