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

GILT TECHS
GILT TECHS: (H18) Broad Range Trading Reconfirmed
*RES 4: 125.50 Daily Bull channel top 
*RES 3: 125.21 High Sept 15 
*RES 2: 124.94 High Nov 8 
*RES 1: 124.82 Bollinger band top
*PREVIOUS CLOSE: 124.46
*SUP 1: 124.17 Hourly support Dec 5 
*SUP 2: 123.77 Hourly support Dec 1 
*SUP 3: 123.64 High Nov 30 now support 
*SUP 4: 123.63 55-DMA
*COMMENTARY: Having bounced from last week's monthly lows sees the contract
trade sideways 123.12-124.94. The topside failure ahead of 124.94 Wednesday has
been followed up with losses that see the contract pressuring 124.17. Bears need
a close below this level to shift initial focus back to 123.63-77 where the
55-DMA is situated. Bulls need a close above 125.21 to reconfirm a bullish bias
with focus shifting to 125.50-99 where the daily bull channel top is noted.

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