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(U17) Fresh Rally Enters Next............>

GILT TECHS
GILT TECHS: (U17) Fresh Rally Enters Next 126.95-127.31 Target Zone
*RES 4: 127.53/54 Jun 16 low, 1% vol band
*RES 3: 127.48 61.8% Fibo of 129.19-124.71
*RES 2: 127.31 1.618 swing of 126.67-125.63
*RES 1: 126.95/03 50% Fibo of 129.19-124.71, intraday high
*PRICE: 126.64 @1439GMT
*SUP 1: 126.39 Aug 1 high, now support
*SUP 2: 125.90/10 Congestion area Jul 26-Aug 2
*SUP 3: 125.63/66 Jul 25, Aug 1 lows
*SUP 4: 125.46/56 61.8% Fibo of 124.71-126.67, Jul 10 high
*COMMENTARY* The strength found on Thursday to rise through 126.46-126.67
resistance. This should now allow a run at the 50% Fibo retrace level at 126.95
with the added chance of a further 127.31 rise, if the swing target of the
126.67-125.63 fall reaches its maximum potential. As a result, support moves up
initially to Tuesday's 126.39 high, with the lower 126.10-125.90 area currently
of more consequence below.

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