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(Z18) Approaching Key Resistance *RES....>

GILT TECHS
GILT TECHS: (Z18) Approaching Key Resistance
*RES 4: 121.95 High Sep 12 
*RES 3: 121.59 Low Aug 28, now resistance 
*RES 2: 121.55 55-dma 
*RES 1: 121.48 High Oct 2 
*PREVIOUS CLOSE: 121.31 
*SUP 1: 120.60 21-dma 
*SUP 2: 120.00 Support 
*SUP 3: 119.36 Low Oct 10 
*SUP 4: 118.93 Low April 2016 (continuation chart) 
Gilt futures continue to look bullish as the key October 2 highs at 121.48 come
into focus ahead of the 55-dma at 121.55. A break above this resistance area
would be a major positive break signaling further medium-term gains. To return
the focus to the downside bears initially need to retake the 21-dma now at
120.60 before targeting the 120.00 support level.

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