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(Z17) 123.71 Support Remains Key *RES....>

GILT TECHS
GILT TECHS: (Z17) 123.71 Support Remains Key
*RES 4: 125.00 High Oct 19 
*RES 3: 124.87 Bollinger band top 
*RES 2: 124.75 High Oct 20 
*RES 1: 124.54 High Oct 31
*PREVIOUS CLOSE: 124.33
*SUP 1: 124.03 Low Oct 30 
*SUP 2: 123.71 Hourly support Oct 27 
*SUP 3: 123.44 Low Oct 26 
*SUP 4: 123.34 Bollinger band base
*COMMENTARY: Bulls took comfort in the break of the daily bear channel top and
21-DMA (124.10) that saw focus shift to layers of resistance 124.75-125.49 where
55 & 100-DMAs and the 100-WMA (125.33) are situated. Bulls need a close above
the 100-DMA (125.46) to open up for a move back to 126.67-80. Initial support is
noted 124.03 but bears look for a close below 123.71 to return focus to
123.12-44.

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