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(Z9) Bears Still In Charge *RES 4:.......>

GILT TECHS: (Z9) Bears Still In Charge
*RES 4: 134.67 High Oct 10
*RES 3: 133.55 High Oct 11
*RES 2: 133.07 50-day EMA
*RES 1: 132.95 High Oct 15
*PRICE: 131.860 @ Close Oct 15
*SUP 1: 131.64 Low Oct 15
*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 softer again yesterday. The outlook remains bearish following last
weeks sell-off, with a focus on a test and likely breach of support at 131.05,
Sep 13 low. Momentum studies are bearish too, reinforcing the current theme. A
break of 131.05 would open 130.39, a Fibonacci projection and also confirm a
resumption of the broader decline that began on Sep 3. Resistance for now has
been defined at 132.95, yesterday's high.

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