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(Z18) New Lows Suggest Further...........>

GILT TECHS
GILT TECHS: (Z18) New Lows Suggest Further Downside
*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: 120.18 
*SUP 1: 120.00 Support 
*SUP 2: 118.93 Low April 2016 (continuation chart) 
*SUP 3: 118.75 Bear channel bottom (continuation chart) 
*SUP 4: 117.35 Low Jan 2016 (continuation chart) 
Dec-18 Gilt futures smashed through support yesterday to test the 120.00 level,
a break of which looks highly likely as the bearish trend accelerates towards
the April 2016 lows at 118.93. A major bearish reversal pattern appears to be
playing out, leaving bulls in need of a break back above yesterday's high at
120.56 to stem the tide. Above here would open the Oct 2 high at 120.56.

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