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(H18) Supported Ahead Of Channel Base....>

GILT TECHS
GILT TECHS: (H18) Supported Ahead Of Channel Base
*RES 4: 124.60 High Nov 28 
*RES 3: 124.18 Low Nov 27 now resistance 
*RES 2: 123.89 High Nov 29 
*RES 1: 123.64 High Nov 30
*PREVIOUS CLOSE: 123.60
*SUP 1: 123.33 Bollinger band base 
*SUP 2: 123.12 Low Nov 30 
*SUP 3: 123.05 Daily Bear channel base 
*SUP 4: 122.44 Monthly Low Oct 25
*COMMENTARY: The correction lower from 124.60 saw the contract dip back towards
the bear channel base before recovering to flirt with the 55-DMA (123.52). With
daily studies remaining well placed for further downside bulls look for a close
above 123.89 to ease bearish pressure and above 124.18 to shift focus back to
124.60-94. While 123.89 caps bears focus on the channel base and then tests of
122.44 Oct lows.

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