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(Z17) Threatens Break Below 9 Month......>

GILT TECHS
GILT TECHS: (Z17) Threatens Break Below 9 Month Rising Support Line
*RES 4: 126.67 Intraday high
*RES 3: 126.48 Sep 13 high
*RES 2: 126.00 Sep 13 low, now resistance
*RES 1: 125.75/80 Hourly resistance
*PRICE: 125.41 @1219GMT
*SUP 1: 125.25 Hourly support
*SUP 2: 125.05 Aug 2 low
*SUP 3: 124.98 61.8% Fibo of 122.08-129.68
*SUP 4: 124.71 Jul 7 low
*COMMENTARY* After an extremely brief spike to 126.67 earlier today, the decline
has continued with a vengeance. This leaving previous 126.00-125.90 lows in it's
wake, a base so far of 125.25, as we move below the 9 month support line towards
the next set of supports between 125.05-124.98. The latter a longer term Fibo
retrace of the gains seen between Dec 1 and May 30. In the interim, it will
currently take a move back above 125.75-126.00 to renew any upside potential.

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