(Z9) Further Gains Likely *RES 4:........>

GILT TECHS: (Z9) Further Gains Likely

*RES 4: 135.90 Contract high Sep 3 and key resistance

*RES 3: 134.94 Low Sep 9 and gap high

*RES 2: 134.76/79 76.4% of Sep 3 - Sep 13 decline / High Sep 4

*RES 1: 134.56 High Oct 1

*PRICE: 134.21 @ Close Oct 2

*SUP 1: 133.30 Low Oct 1

*SUP 2: 133.12 Low Sep 24

*SUP 3: 132.82 50-day EMA

*SUP 4: 132.55 Low Sep 23

Z9 Gilt maintains a bullish tone with the recovery since the Sep 13 low still

intact. The contract has traded through both 134.12, Sep 6 high and 61.8% of the

decline between Sep 3 - Sep 13, at 134.05. Attention is on 134.76, 76.4%

retracement. Furthermore, the likelihood the contract retests and even breaks

the contract high at 135.90 in the near term has increased. Support lies at

133.12, Sep 24 low and 132.55, Sep 23 low.