(Z18) Oct Highs Back In Sight *RES 4:....>

GILT TECHS: (Z18) Oct Highs Back In Sight

*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: 122.25 

*SUP 1: 121.12 Low Nov 8 

*SUP 2: 120.51 Low Oct 16 

*SUP 3: 120.10 High Oct 8 

*SUP 4: 119.81 Low Oct 12 

The rally in Gilt futures over the past two days has been impressive and a break

above yesterday's high would bring the October highs back into play. The Oct 31

high comes in at 122.64 and a break above here would target the Oct 29 and

contract highs at 123.15. Bears look to break below last Thursday's 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.