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(Z9) Uptrend Extends *RES 4: 136.19......>

GILT TECHS
GILT TECHS: (Z9) Uptrend Extends
*RES 4: 136.19 Bull channel top drawn off the Sep 16 low
*RES 3: 135.90 Contract high Sep 3 and key resistance
*RES 2: 135.45 0.618 projection of Sep 13 - Sep 10 rally from Sep 10 low
*RES 1: 135.24 High Oct 8
*PRICE: 135.17 @ Close Oct 8
*SUP 1: 134.49 Channel support drawn off the Sep 16 low
*SUP 2: 134.31 Low Oct 3
*SUP 3: 133.30 Low Oct 1
*SUP 4: 133.12 Low Sep 24 and 50-day EMA
Z9 Gilt was firmer yesterday and confirmed a resumption of the trend that has
been in place since Sep 13. This opens the contract high at 135.90 and the
channel top at 136.19, drawn off Sep 16 low. The extension has also negated
recent candle patterns that did warn of a potential top. This outcome further
reinforces the current bullish tone with momentum studies also pointing north.
On the downside, key support to watch is the 134.49 channel base.

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