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

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.