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(H9) Inside Session *RES 3: 126.52.......>

GILT TECHS
GILT TECHS: (H9) Inside Session
*RES 3: 126.52 High Dec 15, 2017 (continuation chart)
*RES 2: 125.64 High May 29 (continuation chart)
*RES 1: 124.41 High Dec 10
*PRICE: 123.25 @ 11:49GMT Dec24
*SUP 1: 122.98 Low Dec 13
*SUP 2: 121.72 Low Nov 22
*SUP 3: 121.12 Low Nov 8 (continuation chart)
After price action Friday weakened the picture somewhat, thin holiday trade on
Monday signalled we're likely to see a period of neutrality at least up to the
new year, leaving strong support just below the 123 handle and resistance
approaching 124.50. In the medium-term, however, momentum indicators remain in
the bears' favour. This suggests a topping pattern may be in play, opening the
Nov 22 lows at 121.78. Bulls need a break above the Dec 10 high at 124.41 to
reignite upside momentum and open the May 29 peak on the continuation chart.

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