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(Z17) Upper 1% Volatility Band Can.......>

GILT TECHS
GILT TECHS: (Z17) Upper 1% Volatility Band Can Limit Near Term Gains
*RES 4: 126.30 Underside previously broken 2017 support line
*RES 3: 126.11 1.618 swing of 124.99-123.17
*RES 2: 125.97 50% Fibo of 128.82-123.12
*RES 1: 125.68 1% volatility band
*PRICE: 125.20 @1607GMT
*SUP 1: 124.85/95 Hourly support
*SUP 2: 124.66 Hourly base Nov 2
*SUP 3: 124.54 Oct 31 high, now support
*SUP 4: 124.30 Initial recovery high Nov 1, now support
*COMMENTARY* Rally continued last week, most latterly moving above the 38.2%
Fibo retrace level at 125.30. This now sees the upper 1% volatility band, at
125.68 by time today, as the next potential upside barrier, ahead of the next
Fibo retrace, the 50%, at 125.97. Support also rises, 124.95-124.85 initially
but 124.66 and especially 124.54 provide more important levels below.

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