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(H18) Immediate Focus On Bull Channel....>

GILT TECHS
GILT TECHS: (H18) Immediate Focus On Bull Channel Top
*RES 4: 126.67 High Sept 14 
*RES 3: 126.00 Low Sept 13 now resistance 
*RES 2: 125.63 Daily Bull channel top 
*RES 1: 125.40 High Dec 14
*PREVIOUS CLOSE: 125.29
*SUP 1: 125.02 Hourly support Dec 14 
*SUP 2: 124.50 Hourly resistance Dec 11 now support 
*SUP 3: 124.22 Alternating hourly support/resistance 
*SUP 4: 123.79 55-DMA
*COMMENTARY: Fresh 3mth highs continue with immediate bullish focus on the bull
channel top and then 126.00-67. The Bollinger top (125.22) and O/B daily studies
are now seen as concerns for bulls with potential to limit follow through. In
saying that, bears now need a close below 125.02 to ease immediate bullish
pressure and below 124.22 to return focus to 123.62-75 where the 55-DMA and last
week's low are found.

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