(U9) Watch support at 131.32 *RES 4:.....>

GILT TECHS: (U9) Watch support at 131.32

*RES 4: 132.80 Bull channel top drawn off the May 21 low

*RES 3: 132.45 4.6180 Fibonacci projection of the 130.04-130.55 move from 130.10

*RES 2: 132.45 U9 contract high Jul 4

*RES 1: 132.28 High Jul 5

*PRICE: 131.70 @ Close Jul 9

*SUP 1: 131.32 Low Jul 5

*SUP 2: 130.95 High Jun 25 and former bull trigger

*SUP 3: 130.80/69 Trendline support drawn off the Jun 21 low / Low Jul 1

*SUP 4: 130.00 Round number support

U9 Gilt remains below Friday's high following the recent corrective pullback.

Whether or not the correction extends down to channel support at 130.80 remains

to be seen. This is a key support parameter where a break and a daily close

below, would signal a near-term trend reversal and open 130.04. For bulls,

yesterday's candle pattern is a doji and could be an early signal the correction

has run its course. For this to remain valid, support at 131.312 needs to hold.