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(H18) Rejected Ahead Of Range Top *RES...>

GILT TECHS
GILT TECHS: (H18) Rejected Ahead Of Range Top
*RES 4: 125.21 High Sept 15 
*RES 3: 124.94 High Nov 8 
*RES 2: 124.85 Bollinger band top 
*RES 1: 124.40 High Dec 4
*PREVIOUS CLOSE: 124.09
*SUP 1: 123.89 High Nov 29 now support 
*SUP 2: 123.64 High Nov 30 now support 
*SUP 3: 123.55 55-DMA 
*SUP 4: 123.31 Bollinger band base
*COMMENTARY: Having bounced from last week's fresh monthly lows sees the
contract continue to trade sideways confined to a 123.12-124.94 range. The
failure to capitalise on Friday's rally sees the contract settling back into the
broad range. Bears now need a close below 123.64 to shift focus back to tests of
123.12 with a close below initially targeting 122.44 Oct lows.

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