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(Z9) Extends This Weeks Bounce *RES 4:...>

GILT TECHS
GILT TECHS: (Z9) Extends This Weeks Bounce
*RES 4: 133.55 High Oct 11
*RES 3: 133.01 High Oct 31 and key resistance
*RES 2: 132.32 High Nov 4
*RES 1: 131.93 High Nov 14
*PRICE: 131.85 @ Close Nov 14
*SUP 1: 130.86 Low Nov 13
*SUP 2: 130.49 Low Nov 8 and bear trigger
*SUP 3: 130.39 1.000 projection of Sep 3 - Sep 13 decline off Oct 8 high
*SUP 4: 129.86 Projected channel base drawn off Sep 3 high
Z9 Gilt corrected higher again yesterday extending this weeks rebound off the
130.50 level. In order to suggest scope for a stronger recovery, prices need to
confirm a clear break of resistance at 131.91, Nov 6 high. This level was probed
briefly yesterday. A breach would allow for an extension towards the key
resistance area of 133.01. A failure to hold current highs and a move below
130.49 would instead confirm a resumption of recent bearish pressure.

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