(Z17) 122.60-123.12 Support Region Key...>

GILT TECHS: (Z17) 122.60-123.12 Support Region Key

*RES 4: 124.27 High Oct 25 

*RES 3: 124.05 21-DMA 

*RES 2: 123.96 Low Oct 24 now resistance 

*RES 1: 123.76 Hourly resistance Oct 25

*PREVIOUS CLOSE: 123.51

*SUP 1: 123.28 Bollinger band base 

*SUP 2: 123.17 Low Oct 25 

*SUP 3: 123.12 Monthly Low Sept 28 

*SUP 4: 122.60 2017 Low Jan 26

*COMMENTARY: Hesitation around the 125.00 level last week took its toll Friday

with a sell-off that sees initial bearish focus on Sept lows with a close below

needed to shift immediate focus to 2017 lows and overall focus to the bear

channel base (120.60). The Bollinger base is the key concern with potential to

limit follow through. Bulls now need a close above 124.75 to confirm a break of

the channel top and hint at a test of 55 (125.42) & 100 (125.59) DMAs.