(Z17) 124.27 Resistance Remains key......>

GILT TECHS: (Z17) 124.27 Resistance Remains key

*RES 4: 125.00 High Oct 19 

*RES 3: 124.75 High Oct 20 

*RES 2: 124.27 High Oct 25 

*RES 1: 124.21 Daily Bear channel top

*PREVIOUS CLOSE: 124.09

*SUP 1: 123.71 Hourly support Oct 27 

*SUP 2: 123.44 Low Oct 26 

*SUP 3: 123.32 Bollinger band base 

*SUP 4: 123.17 Low Oct 25

*COMMENTARY: The lack of follow through and hesitation around the Bolli base

last week is less than ideal with support layers now building once more. The

124.27 resistance is now key. Bulls need a close above 124.27 to confirm a break

of the bear channel top off Sept highs and shift focus to layers of resistance

124.75-125.52 where 55 & 100-DMAs are noted. Bears now need a close below 123.71

to ease immediate bullish pressure and return focus to 123.12-17.