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(Z18) 55-DMA Acts As Support *RES 4:.....>

GILT TECHS
GILT TECHS: (Z18) 55-DMA Acts As Support
*RES 4: 124.27 High Jul 17 (continuation chart) 
*RES 3: 123.15 High Oct 29 
*RES 2: 122.64 High Oct 31 
*RES 1: 121.85 100-dma 
*PREVIOUS CLOSE: 121.80 
*SUP 1: 120.50 55-dma 
*SUP 2: 121.42 21-dma 
*SUP 3: 120.80 Low Oct 22 
*SUP 4: 119.81 Low Oct 12 
Bears failed to make it six losses in a row yesterday as the 55-dma at 120.50
acted as support triggering a strong close, which returns the outlook neutral.
Bulls now look to target the 100-dma at 121.85, above which would open the Oct
31 high at 122.64 ahead of the Oct 29 high at 123.15. Bears need to break the
55-dma at 120.50 to build downside momentum and target the Oct 22 low. 

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