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

GILT TECHS
GILT TECHS: (Z18) New 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: 121.59 Low Aug 29 now resistance 
*PREVIOUS CLOSE: 121.09 
*SUP 1: 120.88 Low June 11 
*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-10 Gilt futures broke cleanly below its Aug 1 lows yesterday triggering
fresh medium-term sell signals as the June 11 low at 120.88 now comes into
focus. Below here brings into play the April 25 low at 120.73 (continuation
chart). Bulls need to recover the 121.59 level to gain some breathing room and
break back above the 12 high at 121.95 to shift the outlook back to neutral and
target the Sep 6 high of 122.52.

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