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(U17) Below 127.76 To Ease Bullish.......>

GILT TECHS
GILT TECHS: (U17) Below 127.76 To Ease Bullish Pressure
*RES 4: 129.19 Monthly High June 14 
*RES 3: 129.01 High June 15 
*RES 2: 128.68 High June 21, Bollinger band top 
*RES 1: 128.24 High Aug 11
*PREVIOUS CLOSE: 128.08
*SUP 1: 127.80 Low Aug 24 
*SUP 2: 127.76 Hourly resistance Aug 22 now support 
*SUP 3: 127.49 Low Aug 22 
*SUP 4: 127.29 21-DMA
*COMMENTARY: Bears failed to capitalise on pressure on the 127.49 support with
the pair bouncing back towards the 128.24 resistance last week. Bulls need a
close above 128.24 to reconfirm the bullish bias and initially target
128.68-129.19. Bears continue to look for close below 127.76 to ease pressure on
128.24 and below 127.49 to shift immediate focus to 126.87-127.29 where key DMAs
are clustered.

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