(Z9) Bears Target 131.05 *RES 4:.........>

GILT TECHS: (Z9) Bears Target 131.05

*RES 4: 134.67 High Oct 10

*RES 3: 133.55 High Oct 11

*RES 2: 133.02 50-day EMA

*RES 1: 132.95 High Oct 15

*PRICE: 132.010 @ Close Oct 16

*SUP 1: 131.47 Low Oct 16

*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 managed a fresh low print yesterday. The outlook remains bearish

following last weeks sell-off, with a focus on a test and likely breach of key

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

confirm a resumption of the broader decline that began on Sep 3. Resistance for

now has been defined at 132.95, Tuesday's high.