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(Z9) Focus Remains On 133.01 *RES 4:.....>

GILT TECHS: (Z9) Focus Remains On 133.01
*RES 4: 134.29 Bear channel top drawn off the Sep 3 high
*RES 3: 133.55 High Oct 11
*RES 2: 133.01 High Oct 31 and key resistance
*RES 1: 132.77 High Nov 26
*PRICE: 132.28 @ Close Nov 27
*SUP 1: 131.77 Low Nov 25
*SUP 2: 131.10 Low Nov 22 and key near-term support
*SUP 3: 130.86 Low Nov 13
*SUP 4: 130.49 Low Nov 8 and bear trigger
Z9 Gilt retraced some this weeks gains yesterday. Futures earlier this week
pushed through resistance at 132.28, Nov 20 high and this has reinstated a S/T
bullish outlook that opens resistance at 133.01, Oct 31 high. Momentum studies
are firmer too reinforcing the current trending conditions. 133.01 is also part
of a congestive band of resistance that, if cleared would open 133.55 initially.
Key support lies at 131.10. Initial support is at 131.77.

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