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(U17) 127.56 Support Remains Key *RES....>

GILT TECHS
GILT TECHS: (U17) 127.56 Support Remains Key
*RES 4: 129.19 Monthly High June 14 
*RES 3: 129.01 High June 15 
*RES 2: 128.68 High June 21 
*RES 1: 128.24 High Aug 11
*PREVIOUS CLOSE: 127.85
*SUP 1: 127.56 High Aug 9 now support 
*SUP 2: 127.06 Low Aug 9 
*SUP 3: 126.76 Hourly resistance Aug 7 now support 
*SUP 4: 126.50 Hourly support Aug 3
*COMMENTARY: The close above 127.35 reconfirmed the bullish bias and sees bulls
focused on 128.68-129.19 where June highs are located. The Bollinger top
(127.80) remains the key concern for bulls. Initial support remains at 127.56
with bears needing a close below to ease bullish pressure and below the 21-DMA
(126.44) to shift focus back to 125.62-126.04 where the bull channel base is
noted.

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