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

GILT TECHS
GILT TECHS: (Z9) Correcting
*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: 132.81/90 High Sep 20 / 38.2% of Sep 3 - Sep 13 decline
*PRICE: 132.64 @ Close Sep 20
*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 held onto recent gains Friday and continues to correct. The focus is on
resistance between 133.27, Sep 12 high and 134.12, Sep 6 high. This zone is seen
as a firm hurdle, with the underlying bearish trend 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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