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(Z18) Further Weakness Ahead *RES 4:.....>

GILT TECHS
GILT TECHS: (Z18) Further Weakness Ahead
*RES 4: 123.19 High July 19 
*RES 3: 123.11 High Aug 17 
*RES 2: 122.74 High Sep 4 
*RES 1: 122.52 High Sep 6 
*PREVIOUS CLOSE: 121.71
*SUP 1: 121.59 Low Aug 29 
*SUP 2: 121.23 Low Aug 1 
*SUP 3: 120.88 Low June 11 
*SUP 4: 119.61 Low May 22 
Dec-10 Gilts remain under pressure with bears looking for a close below the Aug
29 low at 121.59 to cement the recent downtrend and target the Aug 1 lows at
121.33. Below here would suggest a long-term topping pattern is in play. Bulls
need to recover the Sep 6 high at 122.52 to shift the outlook back to neutral
and target the Sep 4 high of 122.74. Above here would give bulls the upper hand.

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