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(Z18) Losses Return Focus To May Lows....>

GILT TECHS
GILT TECHS: (Z18) Losses Return Focus To May Lows
*RES 4: 122.74 High Sep 4 
*RES 3: 122.52 High Sep 6 
*RES 2: 121.95 High Sep 12 
*RES 1: 121.59 Low Aug 29 now resistance 
*PREVIOUS CLOSE: 120.64 
*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) 
Friday's gains gave way to sharp losses yesterday as prices slipped back into
the acute short-term downtrend returning the focus to 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 the Aug 29 low at 121.59 to
improve the outlook, which would open up the 12 high at 121.95.

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