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(Z17) Bollinger Band Top Capping *RES....>

GILT TECHS
GILT TECHS: (Z17) Bollinger Band Top Capping
*RES 4: 128.68 High June 21 
*RES 3: 128.11 Daily Bull channel top 
*RES 2: 127.83 High Aug 29 
*RES 1: 127.72 High Sept 5, Bollinger band top
*PREVIOUS CLOSE: 127.50
*SUP 1: 127.44 High Sept 1 now support 
*SUP 2: 127.24 Hourly support Sept 5 
*SUP 3: 126.85 21-DMA 
*SUP 4: 126.80 Low Aug 24
*COMMENTARY: Having looked heavy and pressuring the 21-DMA, bulls take comfort
in the aggressive rally Tuesday that see 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 126.80-85. Below 126.80 is needed to shift focus back to
125.94-126.25.

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