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

GILT TECHS
GILT TECHS: (Z17) Begins Correction Of Gains From Early July
*RES 4: 127.74/83 Sep 11, Aug 29 highs
*RES 3: 127.46 Hourly base Sep 11, now resistance
*RES 2: 127.09/18 Overnight gap
*RES 1: 126.75/80 Hourly resistance
*PRICE: 126.11 @1540GMT
*SUP 1: 126.02 1% volatility band
*SUP 2: 125.63 61.8% Fibo of 124.01-128.24
*SUP 3: 125.01/05 61.8% Fibo of 124.01-128.24, Aug 2 low
*SUP 4: 124.75 2% volatility band
*COMMENTARY* A high of 128.24 attained last week but the rally lost some impetus
and has begun a correction of gains from the July low at 124.01. This has gained
momentum, with today's loss firstly of the Aug 25 and Sep 1 lows at 126.84. and
then from between 126.62-126.24. The lower 1% volatility band at 126.02 is now
the brake to an even deeper decline. Resistance 126.75-80 and then from the
overnight gap between 127.09-127.18.

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