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(U17) Hinting At Correction To...........>

GILT TECHS
GILT TECHS: (U17) Hinting At Correction To 126-85-127.22
*RES 4: 129.01 High June 15 
*RES 3: 128.68 High June 21 
*RES 2: 128.24 High Aug 11 
*RES 1: 128.05 High Aug 21
*PREVIOUS CLOSE: 127.64
*SUP 1: 127.49 Low Aug 22 
*SUP 2: 127.22 Low Aug 16 
*SUP 3: 127.06 Low Aug 9 
*SUP 4: 126.85 55-DMA
*COMMENTARY: Daily studies are looking to correct from O/B are weighing on the
contract. Bulls continue to look for a close above 128.24 to reconfirm the
bullish bias and initially target 128.68-129.19. Failure to trouble the 128.19
resistance this week is a concern for bulls. In saying that, bears still need a
close below 127.52 to ease pressure on 128.24 and see focus return to layers of
support 126.85-127.22.

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