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(Z17) 124.95 Support Remains Key *RES....>

GILT TECHS
GILT TECHS: (Z17) 124.95 Support Remains Key
*RES 4: 126.26 55-WMA 
*RES 3: 126.00 Low Sept 13 now resistance 
*RES 2: 125.87 High Nov 8 
*RES 1: 125.41 Hourly support Nov 9 now resistance
*PREVIOUS CLOSE: 125.13
*SUP 1: 124.95 Low Nov 7 
*SUP 2: 124.66 Hourly support Nov 2 
*SUP 3: 124.52 21-DMA 
*SUP 4: 123.84 Low Nov 1
*COMMENTARY: The lack of follow through on the break above 125.51 Wednesday left
the contract looking a little heavy and sees focus on the 124.95 support. Bears
look for a close below to confirm breaks of 55 (125.02) & 100 (125.30) DMAs,
shifting immediate focus to the 21-DMA (124.52) and overall focus to 123.84.
Bulls now look for a close above 126.00 to reconfirm a bullish bias initially
targeting 126.67-80.

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