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(U17) Rally Falters On Approach To.......>

GILT TECHS
GILT TECHS: (U17) Rally Falters On Approach To 128.87 Swing Target 
*RES 4: 129.68 May 30 high
*RES 3: 129.56 Median line off Mar & May lows
*RES 2: 129.19/28 Jun 14 high, 1% volatility band
*RES 1: 128.82/87 Aug 29 high, 1.618 swing of 128.24-127.22
*PRICE: 128.50 @1122GMT
*SUP 1: 128.24 Aug 11 high, now support
*SUP 2: 128.05/10 Aug 21, Aug 23 highs, now support
*SUP 3: 127.82 Aug 25 low
*SUP 4: 127.49 Aug 22 low
*COMMENTARY* A fresh upside surge has now eclipsed the month's previous 128.24
high and also removed the threat from the potentially bearish 'Doji' candle
close on the daily chart on Aug 11. This now sees the swing target at 128.87 as
the next viable upside objective, ahead of the Jun 14 high and upper 1%
volatility band between 129.19-129.28. Meanwhile, support comes initially from
that 128.24 high and then 128.05-10.

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