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(Z17) Bears Need Close Below 127.24......>

GILT TECHS
GILT TECHS: (Z17) Bears Need Close Below 127.24
*RES 4: 128.15 Daily Bull channel top 
*RES 3: 127.83 High Aug 29 
*RES 2: 127.76 Bollinger band top 
*RES 1: 127.74 High Sept 6
*PREVIOUS CLOSE: 127.51
*SUP 1: 127.44 High Sept 1 now support 
*SUP 2: 127.24 Hourly support Sept 5 
*SUP 3: 126.98 Daily bull channel base 
*SUP 4: 126.80 Low Aug 24
*COMMENTARY: Having looked heavy and pressuring the 21-DMA, bulls took comfort
in the aggressive rally Tuesday that sees focus back on the 127.83 resistance.
The Bollinger band top is the key concern for bulls and currently caps. Bears
look for a close below 127.24 to ease pressure on resistance layers and return
pressure to 126.80-98. Below 126.80 is needed to shift focus back to
125.94-126.25.

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