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(Z18) Bears Keep The Pressure On *RES....>

GILT TECHS
GILT TECHS: (Z18) Bears Keep The Pressure On
*RES 4: 124.27 High Jul 17 (continuation chart) 
*RES 3: 123.15 High Oct 29 
*RES 2: 122.64 High Oct 31 
*RES 1: 121.84 100-dma 
*PREVIOUS CLOSE: 121.45 
*SUP 1: 120.80 Low Oct 22 
*SUP 2: 120.51 Low Oct 16 
*SUP 3: 120.10 High Oct 8 
*SUP 4: 119.81 Low Oct 12 
The Gilt future edged lower for the fourth consecutive day yesterday, extending
the downtrend towards the Oct 22 low at 120.80. Below here would open the Oct 16
low at 120.51 ahead of a return to the cycle lows seen on Oct 12 just below 112.
Bears are firmly in control and it would take a recovery of the 100-dma at
121.84 to change the outlook. Above here would open the Oct 31 high at 122.64
ahead of the Oct 29 high at 123.15.

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