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(Z17) Below 124.25 To End Bullish........>

GILT TECHS
GILT TECHS: (Z17) Below 124.25 To End Bullish Hopes
*RES 4: 125.87 High Nov 8 
*RES 3: 125.41 Hourly support Nov 9 now resistance 
*RES 2: 125.19 100-DMA 
*RES 1: 124.95 High Nov 16
*PREVIOUS CLOSE: 124.72
*SUP 1: 124.45 Low Nov 17 
*SUP 2: 124.25 Low Nov 14 
*SUP 3: 123.84 Low Nov 1 
*SUP 4: 123.51 Bollinger band base
*COMMENTARY: The 100-DMA capped last week with bulls now needing a close above
the 100-DMA to confirm focus on 125.87 November highs so far. The Bollinger top
comes in around 125.67 and is likely to limit follow through. The 124.25 support
is seen as key this week. Bears need a close below to confirm a break of the
channel base off Oct lows and return focus to 123.12-17 where Sept & Oct lows
are situated.

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