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(U17) Fresh Rise Can Allow A Run At......>

GILT TECHS
GILT TECHS: (U17) Fresh Rise Can Allow A Run At 127.31 Swing Target Next
*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: 127.03/07 Aug 4, intraday highs
*PRICE: 127.01 @1523GMT
*SUP 1: 126.50/54 Hourly support, intraday low
*SUP 2: 126.39 Aug 1 high, now support
*SUP 3: 125.90/10 Congestion area Jul 26-Aug 2
*SUP 4: 125.63/66 Jul 25, Aug 1 lows
*COMMENTARY* The strength found on Thursday to rise through 126.46-126.67
resistance. With the subsequent move through the 50% Fibo retrace level at
126.95 this can allow 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 126.50-54 with last Tuesday's 126.39 high, now
offering support of more consequence below.

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