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(U17) Unable To Trouble 126.46-126.67....>

GILT TECHS
GILT TECHS: (U17) Unable To Trouble 126.46-126.67 Resistance As Yet
*RES 4: 127.31 1.618 swing of 126.67-125.63
*RES 3: 126.95 50% Fibo of 129.19-124.71
*RES 2: 126.65/67 Jul 21, Jul 24 highs
*RES 1: 126.46/49 Jul 25 hourly recovery high, Jul 28 high
*PRICE: 126.04 @1534GMT
*SUP 1: 125.86 Hourly pullback low Jul 26
*SUP 2: 125.63/69 Jul 25 low, 50% Fibo of 124.71-126.67
*SUP 3: 125.46/56 61.8% Fibo of 124.71-126.67, Jul 10 high
*SUP 4: 124.95 Jul 14 low
*COMMENTARY* Unable as yet to sustain a break back above 126.46, let alone the
126.65-67 area which is needed to switch the overall focus to higher and on
126.95-127.31 next. The subsequent fall now looks to test support from between
125.86-125.63. The latter now needing to hold, or risk once again reverts to to
the downside, with 125.56-125.46 then the brake to a deeper 124.95 fall. 

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