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

GILT TECHS
GILT TECHS: (Z17) 122.60-123.12 Support Region Key
*RES 4: 124.32 Daily Bear channel top 
*RES 3: 124.27 High Oct 25 
*RES 2: 124.05 21-DMA 
*RES 1: 123.96 Low Oct 24 now resistance
*PREVIOUS CLOSE: 123.60
*SUP 1: 123.44 Low Oct 26 
*SUP 2: 123.28 Bollinger band base 
*SUP 3: 123.17 Low Oct 25 
*SUP 4: 123.12 Monthly Low Sept 28
*COMMENTARY: Hesitation around the Bolli base is a concern for bears with
support layers starting to build. Bears look for a close below 123.12 to shift
immediate focus to 2017 lows (122.60) and overall focus to the bear channel base
(120.60). Bulls now need a close above the channel top to ease bearish pressure
and shift focus to 124.75-125.55 where 55 (125.37) & 100 (125.55) DMAs are
located.

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