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(H18) Support Layers Accumulating *RES...>

GILT TECHS
GILT TECHS: (H18) Support Layers Accumulating
*RES 4: 126.82 Low Aug 24 now resistance 
*RES 3: 126.67 High Sept 14 
*RES 2: 126.00 Low Sept 13 now resistance 
*RES 1: 125.69 High Dec 15
*PREVIOUS CLOSE: 125.47
*SUP 1: 125.30 Low Dec 15 
*SUP 2: 125.02 Hourly support Dec 14 
*SUP 3: 124.50 Hourly resistance Dec 11 now support
*SUP 4: 124.22 Alternating hourly support/resistance
*COMMENTARY: Fresh 3mth highs continue although the pop above the bull channel
top lacked follow through Friday. In saying that, bulls now focus on the
126.00-67 region last seen back in Sept. Layers of support building adds to
bullish confidence. Bears now look for a close below 125.02 to ease immediate
bullish pressure and below 124.22 to return focus to 123.62-85 where the 55-DMA
and weekly lows are found.

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