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(Z9) Still Below 132.77 *RES 4: 134.21 Bear...>

GILTS
GILTS: (Z9) Still Below 132.77
*RES 4: 134.21 Bear channel top drawn off the Sep 3 high
*RES 3: 133.55 High Oct 11
*RES 2: 133.01 High Oct 31
*RES 1: 132.77 High Nov 26 and key near-term resistance
*PRICE: 132.05 @ Close Nov 29
*SUP 1: 131.77 Low Nov 25
*SUP 2: 131.10 Low Nov 22 and key near-term support
*SUP 3: 130.86 Low Nov 13
*SUP 4: 130.49 Low Nov 8 and bear trigger
Z9 Gilt was weaker Friday and remains below the high print of 132.77, Nov 26
high . Last week saw prices trade through resistance at 132.28, Nov 20 high and
this reinstated a S/T bullish outlook opening 133.01, Oct 31 high. Momentum
studies are firmer too reinforcing the current trending conditions. 133.01 is
also part of a congestive band of resistance that, if cleared would open 133.55
initially. Key support lies at 131.10, a break would alter the picture.

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