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(Z18) Range Trading *RES 4: 122.74.......>

GILT TECHS
GILT TECHS: (Z18) Range Trading
*RES 4: 122.74 High Sep 4 
*RES 3: 122.52 High Sep 6 
*RES 2: 121.95 High Sep 12 
*RES 1: 121.35 High Sep 21 
*PREVIOUS CLOSE: 120.87
*SUP 1: 120.35 Low Sep 25 
*SUP 2: 120.89 June May 17 (continuation chart) 
*SUP 3: 120.73 April 25 (continuation chart) 
*SUP 4: 120.13 Feb 15 (continuation chart) 
Dec-18 Gilts remain stuck in the middle of their recent range within the broader
downtrend from the August highs. A potential bottoming process would be
confirmed with a break above the Sep 21 high at 121.35, allowing bulls to target
the Sep 12 high at 121.95 to shift the outlook bullish. Bears continue to focus
on the 120.35 level which marks the Sep 25 low, and a break below here would
cement the downtrend and bring the May lows into play on the continuation chart.

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