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Treasury Rally Resumes On Renewed Omicron Fears

GILT TECHS
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.