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GILT TECHS: (Z18) Bulls Fail To Hold Gains
*RES 4: 122.74 High Sep 4
*RES 3: 122.52 High Sep 6
*RES 2: 121.95 High Sep 12
*RES 1: 121.35 High Sep 21
*PREVIOUS CLOSE: 120.87
*SUP 1: 120.35 Low Sep 25
*SUP 2: 120.89 June May 17 (continuation chart)
*SUP 3: 120.73 April 25 (continuation chart)
*SUP 4: 120.13 Feb 15 (continuation chart)
Bulls were unable to cling to early gains as bears took charge ahead of the Sep
21 high at 121.35. The focus remains on the 120.35 level which marks Tuesday's
low, and a break below here would cement the downtrend and bring the May lows
into play on the continuation chart. Bulls need a break above 121.35 to shift
the outlook back to neutral and open up the Sep 12 highs.