(Z9) Bears Return *RES 4: 135.90.........>

GILT TECHS: (Z9) Bears Return

*RES 4: 135.90 Contract high Sep 3 and key resistance

*RES 3: 135.45 0.618 projection of Sep 13 - Sep 10 rally from Sep 10 low

*RES 2: 135.24 High Oct 8

*RES 1: 134.67 High Oct 10

*PRICE: 133.62 @ Close Oct 10

*SUP 1: 132.99 Low Oct 10

*SUP 2: 132.65 61.8% retracement of Sep 13 - Oct 8 rally

*SUP 3: 132.04 76.4% retracement of Sep 13 - Oct 8 rally

*SUP 4: 131.05 Low Sep 13

Z9 Gilt bearish pressure returns following yesterday's sharp sell-off that saw

prices clear channel support at 134.69. The channel was drawn off the Sep 16

low. Momentum studies have shifted to a bearish condition and further weakness

is seen likely near-term. This outlook is reinforced by the fact that the turn

lower occurred ahead of the contract high of 135.90, Sep 3 high. Scope is seen

for a move to 132.65 next. Resistance is at 134.67, yesterday's high.