(Z9) Appears Vulnerable *RES 4: 133.55...>

GILT TECHS: (Z9) Appears Vulnerable

*RES 4: 133.55 High Oct 11

*RES 3: 133.01 High Oct 31 and key resistance

*RES 2: 132.32 High Nov 4

*RES 1: 132.28 High Nov 20 and intraday bull trigger

*PRICE: 131.44 @ Close Nov 21

*SUP 1: 131.17 Low Nov 21

*SUP 2: 130.86 Low Nov 13

*SUP 3: 130.49 Low Nov 8 and bear trigger

*SUP 4: 130.39 1.000 projection of Sep 3 - Sep 13 decline off Oct 8 high

Z9 Gilt traded lower yesterday. The rejection Wednesday off 132.38 and the

follow through lower yesterday highlights a developing near-term bearish threat.

A continued move lower would pave the way for a retest of the key support at

130.49, Nov 8 that also represents the bear trigger. A break here would confirm

a resumption of the broader downtrend. Prices need to trade above 132.38 to

resume a focus on resistance at 133.01, Oct 31 high.