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###POV 122.60 Support Key For LT.........>

GILT TECHS
GILT TECHS: ###POV 122.60 Support Key For LT Traders
*RES 2: 129.22 - Monthly High Sept 8
*RES 1: 125.64 - High Sept 19
*PRICE: 124.20 @ 0430GMT
*SUP 1: 123.12 - Monthly Low Sept 28
*SUP 2: 122.60 - 2017 Low Jan 26
*POV: Consolidation below the LT rising TL off 2014 lows continues although
hesitation ahead of the 122.60-123.12 support region is less than ideal for LT
bears who need a close below 122.60 to reconfirm a bearish bias and initially
target 118.93-120.54 where the 200-WMA (120.25) is situated.
- Broad sideways trading 122.60-130.12 has defined 2017 with LT bulls needing a
close above 125.64 to shift focus back to 129.22-130.12 where 2017 highs are
situated. LT Bulls also look for a close above the 55-WMA (126.38) to add
support to their case.
- Click for chart https://tinyurl.com/y96rp39x

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