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(H18) Recovers From 55-DMA Dip *RES 4:...>

GILT TECHS
GILT TECHS: (H18) Recovers From 55-DMA Dip
*RES 4: 126.00 Low Sept 13 now resistance 
*RES 3: 125.55 Daily Bull channel top 
*RES 2: 125.21 High Sept 15 
*RES 1: 125.08 High Dec 11
*PREVIOUS CLOSE: 124.98
*SUP 1: 124.50 Hourly resistance Dec 11 now support 
*SUP 2: 124.22 Alternating hourly support/resistance 
*SUP 3: 123.69 55-DMA 
*SUP 4: 123.62 Low Dec 8
*COMMENTARY: The recovery from Friday's dip below the 55-DMA has resulted in
fresh 3mth highs with bulls now focused on 125.21-55 where the daily bull
channel top is situated. The Bollinger top (124.93) remains a concern for bulls
with potential to limit follow through. Layers of support building see bears
needing a close below 124.22 to ease bullish pressure and return focus to
123.62-69 where the 55-DMA and last week's low are found.

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