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(Z18) Failed To Extend Gains *RES 4:.....>

GILT TECHS
GILT TECHS: (Z18) Failed To Extend Gains
*RES 4: 126.52 High Dec 15, 2017 (continuation chart) 
*RES 3: 125.64 High May 29 (continuation chart) 
*RES 2: 124.27 High Jul 17 (continuation chart) 
*RES 1: 123.15 High Oct 29 
*PREVIOUS CLOSE: 122.88 
*SUP 1: 122.50 Gap left at Oct 26 open 
*SUP 2: 120.56 55-dma 
*SUP 3: 121.05 21-dma 
*SUP 4: 120.00 Support 
Gilt futures were unable to extend their gains yesterday as early marginal new
highs gave way to weakness. The broader bullish trend remains intact, but a
break above yesterday's high at 123.15 is unlikely to come easy as momentum is
overstretched. Bears need to break back below the gap left at the Oct 26 open at
122.50, below which opens the 55-dma, currently at 121.56.

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