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(Z9) Key resistance exposed *RES 4:......>

GILT TECHS
GILT TECHS: (Z9) Key resistance exposed
*RES 4: 135.90 High Sep 3 and major resistance
*RES 3: 134.79 High Sep 4
*RES 2: 134.12 High Sep 6 and key resistance
*RES 1: 133.88 High Sep 24
*PRICE: 133.77 @ Close Sep 24
*SUP 1: 132.55 Low Sep 23
*SUP 2: 132.05 Low Sep 19
*SUP 3: 131.73 Low Sep 17
*SUP 4: 131.05 Low Sep 13 and near-term bear trigger
Z9 Gilt future pushed higher again yesterday extending the strong start to the
week. Resistance at 133.27, Sep 12 high has this week been breached. Attention
turns to 134.12, Sep 6 high. A break would represent an important S/T bullish
development and strengthen the case for a recovery to the contract high of
135.90. Note, a move through 134.12 would also confirm a break of 61.8% of the
decline between Sep 3 - Sep 13, at 134.05. First support is at 132.55.

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