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(H18) Bears Need Close Below 124.57......>

GILT TECHS
GILT TECHS: (H18) Bears Need Close Below 124.57
*RES 4: 126.69 High Dec 15 
*RES 3: 126.00 Low Sept 13 now resistance 
*RES 2: 125.88 Daily Bull channel top 
*RES 1: 125.69 High Dec 15
*PREVIOUS CLOSE: 125.07
*SUP 1: 124.90 Hourly resistance Dec 27 now support 
*SUP 2: 124.57 Low Dec 27 
*SUP 3: 124.11 Low Dec 21 
*SUP 4: 124.08 55-DMA
*COMMENTARY: Bulls regained the upper hand following the recovery from ahead of
the 55-DMA and aggressive rally Wednesday. Bulls currently focus on the
125.69-00 region where the Dec high and bull channel top are situated. Daily
studies are well placed for gains. Bears still need a close below 124.57 to ease
bullish pressure and shift pressure back to 124.08-11 where the 55-DMA remains.

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