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(Z9) Correcting higher *RES 4: 134.12....>

GILT TECHS
GILT TECHS: (Z9) Correcting higher
*RES 4: 134.12 High Sep 6 and key resistance
*RES 3: 133.91 High Sep 9
*RES 2: 133.27 High Sep 12
*RES 1: 132.65 High Sep 18
*PRICE: 132.45 @ Close Sep 18
*SUP 1: 131.73 Low Sep 17
*SUP 2: 131.05 Low Sep 13 and near-term bear trigger
*SUP 3: 130.66 1.00 projection of Sep 3 - Sep 5 decline from Sep 6 high
*SUP 4: 129.82 1.618 projection of Sep 6 - Sep 11 rally from Sep 12 high
Z9 Gilt pushed higher again Wednesday as this weeks correction extends. The
focus is on resistance between 133.27, Sep 12 high and 134.12, Sep 6 high. This
zone is seen as a firm resistance, with the underlying bearish outlook intact.
The clear breach recently of 132.44, Sep 5 low confirmed a price sequence of
lower lows and lower highs, establishing a downtrend. A move below 131.73 would
open the key bear trigger at 131.05, Sep 13 low.

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