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(U17) Below 127.49 To Target DMAs *RES...>

GILT TECHS
GILT TECHS: (U17) Below 127.49 To Target DMAs
*RES 4: 129.01 High June 15 
*RES 3: 128.68 High June 21 
*RES 2: 128.24 High Aug 11 
*RES 1: 128.10 High Aug 23
*PREVIOUS CLOSE: 127.92
*SUP 1: 127.76 Hourly resistance Aug 22 now support 
*SUP 2: 127.49 Low Aug 22 
*SUP 3: 127.22 Low Aug 16 
*SUP 4: 127.06 Low Aug 9
*COMMENTARY: Bears failed to capitalise on pressure on the 127.49 support with
the pair bouncing back towards the 128.24 resistance. Bulls need a close above
128.24 to reconfirm the bullish bias and initially target 128.68-129.19. Initial
support is now noted at 127.76 with bears needing a close below to ease pressure
on 128.24 and below 127.49 to shift immediate focus to 126.84-127.22.

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