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(Z9) Recovery Mode *RES 4: 133.55 High...>

GILT TECHS
GILT TECHS: (Z9) Recovery Mode
*RES 4: 133.55 High Oct 11
*RES 3: 133.01 High Oct 31 and key resistance
*RES 2: 132.32 High Nov 4
*RES 1: 131.93 High Nov 14
*PRICE: 131.58 @ Close Nov 18
*SUP 1: 130.86 Low Nov 13
*SUP 2: 130.49 Low Nov 8 and bear trigger
*SUP 3: 130.39 1.000 projection of Sep 3 - Sep 13 decline off Oct 8 high
*SUP 4: 129.84 Projected channel base drawn off Sep 3 high
Z9 Gilt maintains a corrective tone following last weeks rebound off the 130.50
level. In order to signal potential for a stronger recovery however, prices need
to clear resistance at 131.91, Nov 6 high. This level was probed briefly last
week. A breach would open the key resistance area of 133.01, Oct 31 high. On the
downside, a failure to hold current highs and a move below 130.49 would instead
confirm a resumption of recent bearish pressure.

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