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(H18) Focus Returns To Bull Channel......>

GILT TECHS
GILT TECHS: (H18) Focus Returns To Bull Channel Base
*RES 4: 125.41 High Dec 27 
*RES 3: 124.90 Alternating hourly support/resistance 
*RES 2: 124.64 Hourly resistance Jan 2 
*RES 1: 124.35 Hourly support Jan 2 now resistance
*PREVIOUS CLOSE: 124.22
*SUP 1: 124.05 Low Jan 2 
*SUP 2: 123.71 Bollinger band base 
*SUP 3: 123.68 Daily Bull channel base 
*SUP 4: 123.62 Low Dec 8
*COMMENTARY: Failure to trouble Dec highs on the bounce from ahead of the 55-DMA
has resulted in a dip below the 55-DMA (124.14) and the contract looking heavy
once more. Bears now need a close below 124.05 to confirm a break of the 55-DMA
and below 123.62 to confirm a break of the bull channel base and potentially
target 122.44. Bulls now need a close above 124.90 to ease renewed bearish
pressure.

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