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(H18) Broad Sideways Trading Continues...>

GILT TECHS
GILT TECHS: (H18) Broad Sideways Trading Continues
*RES 4: 126.00 Low Sept 13 now resistance 
*RES 3: 125.96 Daily Bull channel top 
*RES 2: 125.69 High Dec 15 
*RES 1: 125.41 High Dec 27
*PREVIOUS CLOSE: 124.88
*SUP 1: 124.05 Low Jan 2 
*SUP 2: 123.91 Bollinger band base 
*SUP 3: 123.70 Daily Bull channel base 
*SUP 4: 123.62 Low Dec 8
*COMMENTARY: The contract continues to whip around within a broad 124.05-125.41
range. Bears continue to look for a close below 123.62 to confirm a break of the
bull channel base ant so shift overall focus to tests of 122.44 Oct lows. Bulls
need a close above 125.69 to initially pressure the bull channel top and hint at
a test of 126.00. Daily studies are at largely neutral levels.

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