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

GILT TECHS
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.

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