(Z9) Correction extends *RES 4: 134.12...>

GILT TECHS: (Z9) Correction extends

*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: 132.78 High Sep 19

*PRICE: 132.59 @ Close Sep 19

*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 Thursday 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 hurdle, 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.