(Z9) Recovery Stalls *RES 4: 135.24......>

GILT TECHS: (Z9) Recovery Stalls

*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: 131.76 @ Close Oct 28

*SUP 1: 131.76 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 has stalled and did so Oct 24. The subsequent

sell-off Friday and yesterday signals scope for move lower towards key support

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

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

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.