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(Z9) Waning Upside Momentum? *RES 4:.....>

GILT TECHS
GILT TECHS: (Z9) Waning Upside Momentum?
*RES 4: 136.79 1.00 projection of Sep 13 - Oct 1 rallt from Oct 1 low
*RES 3: 135.99 Bull channel top drawn off the Sep 16 low
*RES 2: 135.90 Contract high Sep 3 and key resistance
*RES 1: 134.95 High Oct 7
*PRICE: 134.76 @ Close Oct 7
*SUP 1: 134.31/29 Low Oct 3 / Channel support drawn off the Sep 16 low
*SUP 2: 133.30 Low Oct 1
*SUP 3: 133.12 Low Sep 24
*SUP 4: 133.03 50-day EMA
Z9 Gilt traded higher Monday printing a 134.95 high. A continued push higher
would confirm a resumption of the trend that has been in place since Sep 13.
This would open the contract high at 135.90 and the channel top at 135.99, drawn
off Sep 16 low. One concern for bulls is the doji candle pattern marking
yesterday's activity. This is a warning that upside momentum is waning (similar
to the shooting star, Oct 3). Key support to watch is the 134.29 channel base.

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