(U17) Rally Capped By 1% Volatility......>

GILT TECHS: (U17) Rally Capped By 1% Volatility Band, 'Doji Candle Close

*RES 4: 128.68 Jun 21 high

*RES 3: 128.40/46 Jun 26 high, 1% volatility band

*RES 2: 128.24 Aug 11 high

*RES 1: 127.87/92 Hourly resistance

*PRICE: 127.52 @1203GMT

*SUP 1: 127.39 Hourly support

*SUP 2: 127.19/21 61.8% of 126.54-128.24, Aug 10 low

*SUP 3: 126.95/06 76.4% of 126.54-128.24, Aug 8-9 gap

*SUP 4: 126.49/54 Jul 28 high, Aug 4 low

*COMMENTARY* A fresh upside surge on Friday, which left the 76.4% Fibo retrace

at 128.13 behind and made a challenge toward upper 1% volatility band at the

time. A high of 128.24 but the lower close has created a potentially bearish

'Doji' candle close on the daily chart. initial support from 127.39-127.21 but

it is the 127.06-126.95 area that is currently of more importance. Loss of the

latter would caution now.