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(Z0) Focus Is On The 136.38 Resistance

GILT TECHS
  • RES 4: 137.04 High Sep 21 and a key resistance
  • RES 3: 136.97 High Oct 16 and the bull trigger
  • RES 2: 136.38 Low Oct 20 and a gap high on the daily chart
  • RES 1: 136.37 High Oct 29
  • PRICE: 136.27 @ Close Nov 4
  • SUP 1: 135.41 Low Nov 3
  • SUP 2: 135.34 Low Oct 27
  • SUP 3: 135.04 Low Oct 23 and the near-term bear trigger
  • SUP 4: 134.99 1.00 proj of Sep 21 - Oct 7 downleg from Oct 16 high

Gilts have traded in a choppy manner this week. Futures traded sharply lower Tuesday but remained above key near-term support at 135.34, Oct 27 low and recovered yesterday. A bullish focus dominates while price holds above 135.34. Attention on 136.38, Oct 20 low where a print would fill a gap in the chart. This would also expose key resistance at 136.97, Oct 16 high. Sub 135.34 levels would expose the key support at 135.04, Oct 23 low.

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