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(Z18) New Lows Hit *RES 4: 121.95 High...>

GILT TECHS
GILT TECHS: (Z18) New Lows Hit
*RES 4: 121.95 High Sep 12 
*RES 3: 121.59 Low Aug 28, now resistance 
*RES 2: 121.48 High Oct 2 
*RES 1: 120.56 High Oct 4 
*PREVIOUS CLOSE: 119.63 
*SUP 1: 118.93 Low April 2016 (continuation chart) 
*SUP 2: 118.75 Bear channel bottom (continuation chart) 
*SUP 3: 117.35 Low Jan 2016 (continuation chart) 
*SUP 4: 114.41 Low July 2015 (continuation chart) 
The trend of new lows continued yesterday as the Oct 5 low at 119.45 gave way in
early trading before a slight recovery saw prices recover this level at the
close. Bears now look to target yesterday's low at 119.36 to extend losses and
open the April 2016 low on the continuation chart. On the upside, a close back
above 120 would shift the outlook back to neutral, but it would take a rally
above the Oct 4 high at 120.56 to give bulls the upper hand.

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