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(U17) Bounces From Layers of Support.....>

GILT TECHS
GILT TECHS: (U17) Bounces From Layers of Support
*RES 4: 129.01 High June 15 
*RES 3: 128.68 High June 21 
*RES 2: 128.24 High Aug 11 
*RES 1: 127.87 High Aug 14
*PREVIOUS CLOSE: 127.68
*SUP 1: 127.22 Low Aug 16 
*SUP 2: 127.06 Low Aug 9 
*SUP 3: 126.81 21-DMA 
*SUP 4: 126.76 Hourly resistance Aug 7 now support
*COMMENTARY: Support emerging ahead of the 126.54-127.06 region continues and is
less than ideal for bears who need a close below 126.54  to hint at a correction
and below the 21-DMA confirming. Correcting O/B studies remain the key concern
for bulls. Topside the 127.87 resistance remains key with a close above needed
to return focus to 128.24-68. Above 128.24 is needed to reconfirm the bullish
bias.

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