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(Z18) Rally Gaining Steam *RES 4:.......>

GILT TECHS
GILT TECHS: (Z18) Rally Gaining Steam 
*RES 4: 126.52 High Dec 15, 2017 (continuation chart) 
*RES 3: 124.27 High Jul 17 (continuation chart) 
*RES 2: 123.11 High Aug 17 
*RES 1: 122.74 High Sep 4 
*PREVIOUS CLOSE: 122.25 
*SUP 1: 120.54 55-dma 
*SUP 2: 120.77 21-dma 
*SUP 3: 120.00 Support 
*SUP 4: 119.36 Low Oct 10 
Dec-18 Gilt futures continued their rally yesterday as the Sep 4 highs come into
focus. Above here lies the Aug 17 contract high, and a break above here opens
the July 17 peak on the continuation chart. Bears need to break back below the
55-dma, currently at 121.54, to shift the outlook neutral, and break back below
the 21-dma at 120.77 to turn the outlook bearish.

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