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(Z18) Weak Close Keeps Focus Lower ......>

GILT TECHS
GILT TECHS: (Z18) Weak Close Keeps Focus Lower 
*RES 4: 123.19 High July 19 
*RES 3: 123.11 High Aug 17 
*RES 2: 122.74 High Sep 4 
*RES 1: 122.52 High Sep 6 
*PREVIOUS CLOSE: 121.79 
*SUP 1: 121.59 Low Aug 29 
*SUP 2: 121.23 Low Aug 1 
*SUP 3: 120.88 Low June 11 
*SUP 4: 119.61 Low May 22 
Despite yesterday's up day the focus remains to the downside for Dec-10 Gilts
given the weak close. Bears continue to target the Aug 29 low at 121.59, and a
break below here would open up a run at the Aug 1 lows at 121.33. Below here
would suggest a long-term topping pattern is in play. Bulls need to recover the
Sep 6 high at 122.52 to shift the outlook back to neutral and target the Sep 4
high of 122.74. Above here would give bulls the upper hand.

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