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(Z18) Bounce Potential *RES 4: 121.95....>

GILT TECHS
GILT TECHS: (Z18) Bounce Potential
*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: 120.05
*SUP 1: 119.36 Low Oct 10 
*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) 
Positive divergences at the recent low and the gap left at 120.56 create the
conditions for a bounce. A break above the Oct 4 high would tip the balance in
the favour of bulls, opening the Oct 2 high at 121.48. On the downside, bears
now look to target Wednesday's low at 119.36 to extend losses and open the April
2016 low on the continuation chart. 

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