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(Z9) Downside Extension Likely *RES 4:...>

GILT TECHS
GILT TECHS: (Z9) Downside Extension Likely
*RES 4: 133.55 High Oct 11
*RES 3: 133.01 High Oct 31 and key near-term resistance
*RES 2: 132.32 High Nov 4
*RES 1: 131.91 High Nov 6
*PRICE: 130.78 @ Close Nov 12
*SUP 1: 130.49 Low Nov 8
*SUP 2: 130.39 1.000 projection of Sep 3 - Sep 13 decline off Oct 8 high
*SUP 3: 129.91 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 remains vulnerable following the recent rejection off 133.01, Oct 31
high and the subsequent sell-off. With the focus on continued weakness,
attention is on 130.39 and 129.91 next, a Fibonacci projection and the base of a
bear channel drawn off the Sep 3 high. On the upside, resistance is seen at
131.91, Nov 6 high however, to signal a reversal prices need to clear resistance
at 133.01, Oct 31 high.

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