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(Z17) Pressure Back On Key Supports......>

GILT TECHS
GILT TECHS: (Z17) Pressure Back On Key Supports
*RES 4: 128.29 Daily bull channel top 
*RES 3: 128.24 High Sept 8 
*RES 2: 127.87 Hourly support Sept 8 now resistance 
*RES 1: 127.59 High Sept 11
*PREVIOUS CLOSE: 127.24
*SUP 1: 127.18 Low Sept 11 
*SUP 2: 127.12 21-DMA 
*SUP 3: 127.11 Daily Bull channel base 
*SUP 4: 126.80 Low Aug 24
*COMMENTARY: Bulls failed to capitalise on last week's rally with the correction
lower from fresh weekly highs less than ideal. Immediate pressure has returned
to the 21-DMA and daily bull channel base with a close below the channel base to
shift overall focus back to 125.97-126.29. Bulls now need a close above 127.87
to return focus to 128.24-29 where the bull channel top is noted.

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