(Z9) Approaching key resistance *RES.....>

GILT TECHS: (Z9) Approaching key resistance

*RES 4: 135.90 High Sep 3 and major resistance

*RES 3: 134.79 High Sep 4

*RES 2: 134.12 High Sep 6 and key resistance

*RES 1: 133.74 High Sep 23

*PRICE: 133.72 @ Close Sep 23

*SUP 1: 132.55 Low Sep 23

*SUP 2: 132.05 Low Sep 19

*SUP 3: 131.73 Low Sep 17

*SUP 4: 131.05 Low Sep 13 and near-term bear trigger

Z9 Gilt rallied sharply yesterday to extend the recovery off 131.05, Sep 13 low.

Resistance at 133.27, Sep 12 high has been breached. Attention turns to 134.12,

Sep 6 high. A break would represent an important short-term bullish development

and strengthen the case for a recovery back to the contract high of 135.90.

Note, a move through 134.12 would also confirm a break of the 61.8% retracement

of Sep 3 - Sep 13 decline at 134.05. First support is at 132.55.