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(Z17) Begins Correction Of Gains From....>

GILT TECHS
GILT TECHS: (Z17) Begins Correction Of Gains From Early July
*RES 4: 128.24 Sep 8 high
*RES 3: 127.74/83 Sep 11, Aug 29 highs
*RES 2: 127.61 Sep 8 low, now resistance
*RES 1: 127.09/18 Overnight gap
*PRICE: 126.79 @1238GMT
*SUP 1: 126.62 38.2% Fibo of 124.01-128.24
*SUP 2: 126.49 Aug 23 low
*SUP 3: 126.24 Aug 16 low
*SUP 4: 126.09/12 1% volatility band, 50% of 124.01-128.24
*COMMENTARY* A high of 128.24 attained last week but the rally has lost some
impetus since and has begun a correction which has gained some momentum, with
today's loss of the Aug 25 and Sep 1 lows at 126.84. Now looking to the 38.2%
Fibo level at 126.62 as the next potential brake to this fall, else
126.49-126.24 comes back into view. In the interim, the overnight gap from
127.09-127.18 provides immediate resistance, 127.61 above.

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