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(Z18) Fresh Cycle Lows Hit *RES 4:.......>

GILT TECHS
GILT TECHS: (Z18) Fresh Cycle Lows Hit
*RES 4: 122.74 High Sep 4 
*RES 3: 122.52 High Sep 6 
*RES 2: 121.95 High Sep 12 
*RES 1: 121.35 High Sep 21
*PREVIOUS CLOSE: 120.47
*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-18 Gilt futures extended their downtrend yesterday as bears overcame
Friday's lows to target 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 Friday's high of 121.35 to regain the momentum to target
the Sep 12 high at 121.95.

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