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(Z18) Hold Above 121.60 Keeps Recovery...>

GILT TECHS
GILT TECHS: (Z18) Hold Above 121.60 Keeps Recovery Intact
*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: 122.47 High Nov 12 
*PREVIOUS CLOSE: 121.90 
*SUP 1: 121.57 High Nov 9 
*SUP 2: 121.12 Low Nov 8 
*SUP 3: 120.10 High Oct 8 
*SUP 4: 119.81 Low Oct 12 
Gilt futures came under pressure yesterday but found some support ahead of the
Nov 9 high which keeps the recovery intact. Bears look to break below here to
open the Nov 8 low at 121.12 to shift the focus back to the downside and target
the Oct 16 low at 120.51 ahead of a return to the cycle lows seen on Oct 12. On
the upside, a break above Monday's high at 122.47 is needed to bring the October
highs back into play.  

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