(Z9) Heavy Below 132.93 *RES 4: 135.24...>

GILT TECHS: (Z9) Heavy Below 132.93

*RES 4: 135.24 High Oct 18 and key resistance

*RES 3: 134.67 High Oct 10

*RES 2: 133.55 High Oct 11 and key near-term resistance

*RES 1: 132.93/95 High Oct 24 / High Oct 15

*PRICE: 131.83 @ Close Oct 29

*SUP 1: 131.34 Low Oct 22

*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

The recent recovery in Z9 Gilt stalled on Oct 24. The subsequent sell-off Friday

and Monday is bearish and signals scope for a move towards key support and the

bear trigger at 130.80, Oct 23 low. A breach of this support would confirm a

resumption of the overall decline that has been in place since Sep 3 and open

130.39 and 130.00. On the upside, price action needs to get above 132.93, last

weeks high to reinstate a bullish tone.