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(Z17) 127.17 Support Key Today *RES 4:...>

GILT TECHS
GILT TECHS: (Z17) 127.17 Support Key Today
*RES 4: 127.94 Daily Bull channel top 
*RES 3: 127.83 High Aug 29 
*RES 2: 128.81 Bollinger band top 
*RES 1: 127.54 High Aug 30
*PREVIOUS CLOSE: 127.30
*SUP 1: 127.17 Low Aug 30 
*SUP 2: 126.84 Daily Bull channel base 
*SUP 3: 126.80 Low Aug 24 
*SUP 4: 126.53 21-DMA
*COMMENTARY: The lack of follow through Tuesday is less than ideal for bulls
given the proximity of the Bollinger band top that leaves the contract
pressuring 127.17. Bears now need a close below 127.17 to ease bullish pressure
and shift initial focus back to 126.49-84 where the 21-DMA and bull channel base
are noted. Bulls now need a close above 127.54 to retain immediate focus on
127.83-94.

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