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(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.

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