(Z1) Bullish Despite Pullback

• RES 4: 128.18 High Sep 10 and 14
• RES 3: 127.95 76.4% retracement of the Aug - Oct downleg
• RES 2: 127.69 High Sep 21
• RES 1: 127.29 High Nov 9
• PRICE: 126.25 @ Close Nov 10
• SUP 1: 125.93 50-day EMA
• SUP 2: 124.79/25 Low Nov 4 / Low Nov 1
• SUP 3: 123.43 Low Oct 21 and the bear trigger
• SUP 4: 123.16 Low Feb 27, 2019 (cont)

Gilt futures maintain a short-term bullish tone despite the pullback from recent highs. Last week's rally reinforced a recent reversal signal - the break and close above 125.27, Oct 14 high confirmed a double bottom pattern on Oct 27. With a number of important short-term resistance levels cleared, attention is on 127.69 next, Sep 21 high. Initial key support has been defined at 124.25, Nov 1 low. First support though is at 125.93, the 50-day EMA.