(Z17) Above 123.89 To Gain Breathing.....>

GILT TECHS: (Z17) Above 123.89 To Gain Breathing Room

*RES 4: 124.91 Low Sept 14 now resistance 

*RES 3: 124.65 High Sept 19 

*RES 2: 124.36 High Sept 20 

*RES 1: 123.89 Hourly support Sept 20 now resistance

*PREVIOUS CLOSE: 123.70

*SUP 1: 123.36 Low Sept 21 

*SUP 2: 123.17 Low Feb 2 

*SUP 3: 122.60 2017 Low Jan 26 

*SUP 4: 121.64 Low June 23 2016

*COMMENTARY: Losses have continued this week following the failure to retake the

124.65-125.21 resistance region with current bearish focus on 122.60-123.17.

Very O/S daily studies looking to correct remain the key concern for bears.

Layers of resistance are building with bulls now needing a close above 123.89 to

gain breathing room and above 125.21 to shift focus back to 125.88-126.37 where

21, 55 & 100-DMAs are situated.