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GILT TECHS: (Z17) Holding Above The 8 Week Rising Support Line
*RES 4: 128.43 1% volatility band
*RES 3: 128.17/21 8 week bull channel top, Jun 14 high
*RES 2: 127.83 Aug 29 high
*RES 1: 127.44/54 Sep 1, Aug 30 highs
*PRICE: 127.06 @1152GMT
*SUP 1: 126.82 Aug 25 low
*SUP 2: 126.67 8 week rising support line
*SUP 3: 126.49 Aug 23 low
*SUP 4: 126.24 Aug 16 low
*COMMENTARY* Tried to take advantage of last week's break above the 76.4% Fibo
retrace level at 127.22. A high of 127.83 already attained but the rally has
lost some impetus over the course of the last few days. With the loss of support
from the Aug 21 high at 127.03 this leaves the downside vulnerable to a deeper
correction of recent gains from the Aug 16 low at 126.24. In the interim,
127.44-127.54 becomes the bar to any fresh upside interest at present.