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(Z18) Setbacks Increasingly Limited .....>

GILT TECHS
GILT TECHS: (Z18) Setbacks Increasingly Limited 
*RES 4: 124.27 High July 20 (continuation chart) 
*RES 3: 124.07 High Aug 17 (continuation chart) 
*RES 2: 123.59 High Sep 4 (continuation chart) 
*RES 1: 123.40 High Nov 15 
*PREVIOUS CLOSE: 123.17 
*SUP 1: 122.54 Low Nov 22 
*SUP 2: 121.12 Low Nov 8 
*SUP 3: 120.10 High Oct 8 
*SUP 4: 119.81 Low Oct 12 
DEC 18 Gilts held around the 123.00 level for most of the day before closing
strong to keep the Nov 15 high at 123.40 firmly in focus. Above here would
trigger a bull flag breakout targeting new cycle highs. A move below the 122.54
would be needed to turn the technical picture bearish. 

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