(Z17) Holding Above The 8 Week Rising....>

GILT TECHS: (Z17) Holding Above The 8 Week Rising Support Line

*RES 4: 128.49 1% volatility band

*RES 3: 128.44 1.618 swing of 127.83-126.84

*RES 2: 128.17/21 8 week bull channel top, Jun 14 high

*RES 1: 127.83 Aug 29 high

*PRICE: 127.53 @1550GMT

*SUP 1: 127.15/25 Hourly support

*SUP 2: 126.82/84 Aug 25, Sep 1 lows

*SUP 3: 126.67 8 week rising support line

*SUP 4: 126.49 Aug 23 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 lost

some impetus over the course of the last few days, with the loss of support from

the Aug 21 high at 127.03. Has however held above the 8 week support line at

126.67. Now attempting to move back above hourly 127.54-127.60 resistance. This

becomes the bar to any fresh upside interest at present.