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(Z9) Evening start reversal *RES 4:......>

GILT TECHS
GILT TECHS: (Z9) Evening start reversal
*RES 4: 135.74 1.618 projection of Aug 23 - Aug 29 rally from Aug 30 low
*RES 3: 135.00 Round number resistance
*RES 2: 134.91 Contract high Aug 29
*RES 1: 135.80 High Aug 30
*PRICE: 134.28 @ Close Aug 30
*SUP 1: 134.21 Low Aug 30
*SUP 2: 134.09 Low Aug 28
*SUP 3: 133.38 Low Aug 27
*SUP 4: 132.43 Low Aug 23 and key support
U9 Gilt selling pressure dominated Friday. Price action between Wed - Fri has
confirmed an evening star reversal. If this week starts with selling pressure,
leading to a move below Wednesday's 134.09 low, it would likely signal the
beginning of a correction. Note, in the Sep contract, this pattern has occurred
at the top of the bull channel drawn off the May 21 low. Key resistance for a
resumption of the uptrend is 134.91.

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