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(Z9) Focus Is On Channel Support *RES....>

GILT TECHS
GILT TECHS: (Z9) Focus Is On Channel Support
*RES 4: 136.39 Bull channel top drawn off the Sep 16 low
*RES 3: 135.90 Contract high Sep 3 and key resistance
*RES 2: 135.45 0.618 projection of Sep 13 - Sep 10 rally from Sep 10 low
*RES 1: 135.24 High Oct 8
*PRICE: 134.62 @ Close Oct 9
*SUP 1: 134.69/50 Channel support drawn off the Sep 16 low / Low Oct 9
*SUP 2: 134.31 Low Oct 3
*SUP 3: 133.30 Low Oct 1
*SUP 4: 133.18/12 50-day EMA / Low Sep 24
Z9 Gilt traded lower yesterday. Attention is on the channel support at 134.69,
drawn off the Sep 16 low. While prices hold above this channel base, the upleg
that has been in place since Sep 13 remains intact. Potential is for an
extension of recent gains towards the contract high of 135.90 and the channel
top at 136.39, drawn off Sep 16 low. A downside break out of the channel and
below support 134.31 support alters the picture and highlight a bearish threat.

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