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(Z18) Bears In Control *RES 4: 125.64....>

GILT TECHS
GILT TECHS: (Z18) Bears In Control
*RES 4: 125.64 High May 29 (continuation chart) 
*RES 3: 124.27 High Jul 17 (continuation chart) 
*RES 2: 123.15 High Oct 29 
*RES 1: 122.64 High Oct 31 
*PREVIOUS CLOSE: 121.77 
*SUP 1: 120.53 55-dma 
*SUP 2: 121.33 21-dma 
*SUP 3: 120.80 Low Oct 22 
*SUP 4: 119.81 Low Oct 12 
The bearish reversal in Gilt futures continued on Friday, making it five
consecutive down days last week and keeping the focus squarely on the downside.
Bears now need to break the 55-dma at 120.53, below which the 21-dma comes in at
121.33. On the upside, a recovery of the Oct 31 high at 122.64 is needed to
shift the outlook bullish and target the Oct 29 high at 123.15.

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