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(U17) 126.46 Break Needed To Switch......>

GILT TECHS
GILT TECHS: (U17) 126.46 Break Needed To Switch Near Term Bias Higher
*RES 4: 127.26/31 1% vol band, 1.618 swing of 126.67-125.63
*RES 3: 126.95 50% Fibo of 129.19-124.71
*RES 2: 126.65/67 Jul 21, Jul 24 highs
*RES 1: 126.46 Jul 25 hourly recovery high
*PRICE: 126.31 @1240GMT
*SUP 1: 126.05 Jul 26 high, now support
*SUP 2: 125.86 Hourly pullback low Jul 26
*SUP 3: 125.63/69 Jul 25 low, 50% Fibo of 124.71-126.67
*SUP 4: 125.46/56 61.8% Fibo of 124.71-126.67, Jul 10 high
*COMMENTARY* Found support from 125.63, just below the 50% Fibo retrace at
125.69, before seeing a recovery. This will need to maintain a break back above
126.46 however, before the near term bias will return to the topside and focus
again on the 125.65-125.67 area. Through the latter required for the overall
focus to switch to higher and on 126.95-127.31 next. Support meanwhile rises to
126.05-125.86, ahead of 125.63 again. 

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