(Z9) Trigger For Gains Is 131.93 *RES....>

GILT TECHS: (Z9) Trigger For Gains Is 131.93

*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 and intraday bull trigger

*PRICE: 131.68 @ Close Nov 19

*SUP 1: 131.32 Low Nov 18

*SUP 2: 130.86 Low Nov 13

*SUP 3: 130.49 Low Nov 8 and bear trigger

*SUP 4: 130.39 1.000 projection of Sep 3 - Sep 13 decline off Oct 8 high

Z9 Gilt was firmer yesterday. Futures maintain 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. A failure though to hold current highs and a move below

130.49 would instead confirm a resumption of recent bearish pressure.