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(Z18) Back Above 120 *RES 4: 121.95......>

GILT TECHS
GILT TECHS: (Z18) Back Above 120
*RES 4: 121.95 High Sep 12 
*RES 3: 121.59 Low Aug 28, now resistance 
*RES 2: 121.48 High Oct 2 
*RES 1: 120.56 High Oct 4 
*PREVIOUS CLOSE: 120.01 
*SUP 1: 118.93 Low April 2016 (continuation chart) 
*SUP 2: 118.75 Bear channel bottom (continuation chart) 
*SUP 3: 117.35 Low Jan 2016 (continuation chart) 
*SUP 4: 114.41 Low July 2015 (continuation chart) 
Early gains were set the tone in Gilt futures yesterday as bulls managed to
overcome the 120 level to give them some breathing room after a relentless
decline. A break above the Oct 4 high at 120.56 is needed shift the outlook
neutral while a break above the Oct 2 high at 120.56 would shift the outlook
positive. Bears look to close below Friday's low at 119.45 to extend the
downtrend. 

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