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(Z9) Bulls Face Resistance At 131.91.....>

GILT TECHS
GILT TECHS: (Z9) Bulls Face Resistance At 131.91
*RES 4: 133.55 High Oct 11
*RES 3: 133.01 High Oct 31 and key resistance
*RES 2: 132.32 High Nov 4
*RES 1: 131.91 High Nov 6 and key intraday resistance
*PRICE: 131.38 @ Close Nov 13
*SUP 1: 130.49 Low Nov 8 and bear trigger
*SUP 2: 130.39 1.000 projection of Sep 3 - Sep 13 decline off Oct 8 high
*SUP 3: 129.89 Projected channel base drawn off Sep 3 high
*SUP 4: 1.2925 1.236 projection of Sep 3 - Sep 13 decline off Oct 8 high
Z9 Gilt corrected higher yesterday following this weeks rebound off the 130.50
level. In order to suggest scope for a stronger recovery, prices will need to
trade above resistance at 131.91, Nov 6 high. A breach would allow for an
extension towards the key resistance area of 133.01. A failure to hold current
highs and a move below 130.49 would instead confirm a resumption of the recent
bearish pressure.

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