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(Z17) 124.34 Support Key Today *RES 4:...>

GILT TECHS
GILT TECHS: (Z17) 124.34 Support Key Today
*RES 4: 125.56 55-DMA 
*RES 3: 125.22 100-WMA 
*RES 2: 124.99 High Oct 18 
*RES 1: 124.74 Hourly support Oct 18 now resistance
*PREVIOUS CLOSE: 124.50
*SUP 1: 124.34 Hourly resistance Oct 17 now support 
*SUP 2: 124.02 Low Oct 17 
*SUP 3: 123.97 21-DMA 
*SUP 4: 123.86 Hourly resistance Oct 16 now support
*COMMENTARY: The topside break has lacked follow through with gains given back
Wednesday leaving the contract looking heavy and pressuring 124.34. Bears
continue to look for a close below this level to confirm an easing of bullish
pressure and below 123.86 to shift focus back to 123.12-32. Bulls look for a
close above 124.74 to gain breathing room and above the 100-WMA to pressure 55 &
100 (125.73) DMAs.

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