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(Z9) Bullish engulfing *RES 4: 136.00....>

GILT TECHS: (Z9) Bullish engulfing
*RES 4: 136.00 Round number resistance
*RES 3: 135.90 Contract high Sep 4
*RES 2: 134.79 High Sep 9
*RES 1: 134.12 High Sep 6
*PRICE: 134.10 @ Close Sep 6
*SUP 1: 132.44 Low Sep 5
*SUP 2: 132.37 50-day EMA
*SUP 3: 132.00 Round number support
*SUP 4: 131.10 1.382 retracement of the Aug 23 - Sep 3 rally
Price action Friday was marked by a strong rebound in prices. In candlestick
terms, Friday is a bullish engulfing & signals an end to the recent corrective
pullback. This pattern is relevant given the bounce Friday occurred just ahead
of the 50-day EMA which, highlights an area of trend support. Continued bullish
follow through this week will expose the contract high at 135.90. For bears, a
move below 132.44 is required to negate this bullish development.

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