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(Z9) Bearish Theme *RES 4: 135.24 High...>

GILT TECHS: (Z9) Bearish Theme
*RES 4: 135.24 High Oct 8 and a key resistance
*RES 3: 134.67 High Oct 10
*RES 2: 133.55 High Oct 11
*RES 1: 133.11 50-day EMA
*PRICE: 132.54 @ Close Oct 14
*SUP 1: 131.66 Low Oct 11
*SUP 2: 131.05 Low Sep 13 and bear trigger
*SUP 3: 130.39 1.00 projection of Sep 3 - Sep 13 decline off Oct 8 high
*SUP 4: 130.00 Round number support
Z9 Gilt was relatively quiet yesterday following last weeks sharp sell-off. A
clear reversal of the recovery between Sep 13 and Oct 8 has recently been
confirmed. Further weakness is likely with attention on the key support at
131.05, Sep 13 low. Momentum studies are bearish, reinforcing the current theme.
A break of 131.05 would open 130.39, a Fibonacci projection and 130.00. The bear
trigger for today is 131.66. Resistance is at 133.55, Friday's high.

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