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(Z9) Shooting Star Top? *RES 4: 136.00...>

GILT TECHS
GILT TECHS: (Z9) Shooting Star Top?
*RES 4: 136.00 Round number resistance
*RES 3: 135.90 Contract high Sep 3 and key resistance decline / High Sep 4
*RES 2: 135.60 Bull channel top drawn off the Sep 16 low
*RES 1: 134.93 High Oct 3
*PRICE: 134.42 @ Close Oct 3
*SUP 1: 133.89 Channel support drawn off the Sep 16 low
*SUP 2: 133.30 Low Oct 1
*SUP 3: 133.12 Low Sep 24
*SUP 4: 132.88 50-day EMA
Z9 Gilt traded higher Friday clearing the 76.4% retracement of Sep 3 - Sep 13
decline at 134.76. The contract however failed to hold onto the day high and
price closed where it opened. Yesterday's pattern in candle terms is a shooting
star formation and does signal a potential top. A failure to hold onto gains
would expose 133.30, the trigger for a deeper pullback. On the upside, clearance
of yesterday's high would resume the uptrend and open 135.90.

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