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(Z18) Recovery Intact *RES 4: 121.95.....>

GILT TECHS
GILT TECHS: (Z18) Recovery Intact
*RES 4: 121.95 High Sep 12 
*RES 3: 121.59 Low Aug 28, now resistance 
*RES 2: 121.48 High Oct 2 
*RES 1: 120.87 Low Oct 3, now resistance 
*PREVIOUS CLOSE: 120.87 
*SUP 1: 120.00 Support
*SUP 2: 119.36 Low Oct 10 
*SUP 3: 118.93 Low April 2016 (continuation chart) 
*SUP 4: 118.75 Bear channel bottom (continuation chart) 
Bulls are consolidating recent gains above the 120.50 level with the focus on
the Oct 3 low at 120.87, now acting as resistance. A break above here gives
bulls the upper hand to challenge the 121.48 Oct 2 high, above which the bigger
picture outlook returns positive. To return the focus to the downside bears
initially need to retake 120.00 before targeting the Oct 10 low at 119.36.

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