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(Z18) Bears In Control *RES 4: 122.74....>

GILT TECHS
GILT TECHS: (Z18) Bears In Control
*RES 4: 122.74 High Sep 4 
*RES 3: 122.52 High Sep 6 
*RES 2: 121.95 High Sep 12 
*RES 1: 121.59 Low Aug 29 now resistance 
*PREVIOUS CLOSE: 120.71 
*SUP 1: 120.89 June May 17 (continuation chart)
*SUP 2: 120.73 Low April 25 (continuation chart) 
*SUP 3: 120.13 Low Feb 15 (continuation chart) 
*SUP 4: 118.93 Low April 26, 2016 (continuation chart) 
Dec-10 Gilt futures posted another bearish day yesterday which turns the focus
to the May 17 low at 120.89 on the continuation chart. Below here brings into
play the April 25 low at 120.73 (continuation chart). Bulls need to recover the
121.59 level to gain some breathing room and break back above the 12 high at
121.95. A break back above here is needed to shift the outlook back to neutral
and target the Sep 6 high of 122.52.

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