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(Z9) Hammer Reversal Confirmed *RES 4:...>

GILT TECHS
GILT TECHS: (Z9) Hammer Reversal Confirmed
*RES 4: 135.24 HIgh Oct 18 and key resistance
*RES 3: 134.67 High Oct 10
*RES 2: 133.55 High Oct 11
*RES 1: 132.93/95 High Oct 24 / High Oct 15
*PRICE: 132.73 @ Close Oct 24
*SUP 1: 131.80 Low Oct 24
*SUP 2: 130.98 Low Oct 23
*SUP 3: 130.80 Low Oct 17 and bear trigger
*SUP 4: 130.39 1.000 projection of Sep 3 - Sep 13 decline off Oct 8 high
Z9 Gilt was firmer again yesterday, confirming a clear break of resistance at
132.28, Oct 17 high. This has confirmed the reversal highlighted by the Japanese
candle pattern on Oct 16, a hammer formation that suggested a low in the
downtrend had been identified at 130.80 on Oct 17. WIth momentum rising, scope
exists for an extension higher towards 133.55 next, Oct 11 high. Support lies at
131.80, yesterday's low.

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