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(Z18) Potential Bull Flag Forming *RES...>

GILT TECHS
GILT TECHS: (Z18) Potential Bull Flag Forming
*RES 4: 124.27 High July 20 (continuation chart) 
*RES 3: 124.07 High Aug 17 (continuation chart) 
*RES 2: 123.59 High Sep 4 (continuation chart) 
*RES 1: 123.40 High Nov 15 
*PREVIOUS CLOSE: 122.95 
*SUP 1: 121.47 High Nov 12 
*SUP 2: 121.12 Low Nov 8 
*SUP 3: 120.10 High Oct 8 
*SUP 4: 119.81 Low Oct 12 
The uptrend remains firmly intact with a potential bull flag formation in
progress suggesting an upside break above the Nov 15 highs at 123.40. This would
bring the Sep 4 high on the continuation chart into focus ahead of a return to
the Aug 17 high at 124.07. Bears need to close below the 121.47 level to shift
the outlook neutral and allow a challenge of the Nov 8 low at 121.12 to regain
the upper hand.

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