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(Z17) 125.49 Remains In The Way Of.......>

GILT TECHS
GILT TECHS: (Z17) 125.49 Remains In The Way Of Further Gains
*RES 4: 125.97 1.618 proj'n tgt from 124.45 to 124.25-125.19
*RES 3: 125.87 Nov 8 high
*RES 2: 125.65 1.618 swing of 125.19-124.45
*RES 1: 125.49 76.4% Fibo of 125.87-124.25
*PRICE: 125.24 @0924GMT 
*SUP 1: 124.85/90 Hourly support
*SUP 2: 124.75 Nov 22 low
*SUP 3: 124.45/53 Nov 17, Nov 20 low
*SUP 4: 124.25/28 Nov 14, Nov 10 lows
*COMMENTARY* The month's earlier 'Gravestone Doji' close on Nov 8 was
responsible for a 125.87-124.25 fall, just ahead of 124.17 Fibo support. The
subsequent recovery has helped to ease some oversold conditions, the 125.49 area
anticipated to provide initial resistance to any further rally, the swing target
at 125.65 on any move higher. Meanwhile, support rises to 124.90-124.85, before
last Wednesday's 124.75 base, any lower would caution now.

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