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(H18) Broad Range Trading Persists.......>

GILT TECHS
GILT TECHS: (H18) Broad Range Trading Persists
*RES 4: 126.00 Low Sept 13 now resistance 
*RES 3: 125.21 High Sept 15 
*RES 2: 124.94 High Nov 8 
*RES 1: 124.86 Bollinger band top
*PREVIOUS CLOSE: 124.63
*SUP 1: 124.24 Hourly resistance Dec 1 now support 
*SUP 2: 123.64 High Nov 30 now support 
*SUP 3: 123.55 55-DMA 
*SUP 4: 123.31 Bollinger band base
*COMMENTARY: Having bounced from last week's fresh monthly lows sees the
contract continue to trade sideways confined to a 123.12-124.94 range. Pressure
back on 124.94 sees bulls needing a close above to shift initial focus to
124.21-99 although the Bollinger top (124.86) may slow the move. Bears now look
for a close below 124.24 to ease pressure on 124.94 and below 123.64 to return
focus to 123.12.

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