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(Z17) Above 124.91 To Ease Bearish.......>

GILT TECHS
GILT TECHS: (Z17) Above 124.91 To Ease Bearish Pressure
*RES 4: 127.18 Low Sept 11 now resistance 
*RES 3: 126.80 Low Aug 24 now resistance 
*RES 2: 125.91 55-DMA 
*RES 1: 124.91 Low Sept 14 now resistance
*PREVIOUS CLOSE: 124.45
*SUP 1: 124.00 Low Sept 15 
*SUP 2: 123.17 Low Feb 2 
*SUP 3: 122.60 2017 Low Jan 26 
*SUP 4: 121.64 Low June 23 2016
*COMMENTARY: The dramatic correction from 128.24 took its first backward step
Monday having found support ahead of last week's low. O/S daily studies and the
Bollinger base (124.76) are key concerns for bears and leave the move looking
overdone. In saying that, bulls need a close above 124.91 to gain breathing room
and above the 55-DMA to pressure 126.67-127-18.

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