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Back To Neutral *RES 4: 122.99 Low.......>

GILT TECHS
GILT TECHS: Back To Neutral
*RES 4: 122.99 Low July 26 now resistance
*RES 3: 122.86 High July 31 
*RES 2: 122.77 High August 3 
*RES 1: 122.72 55-DMA 
*PREVIOUS CLOSE: 122.66 
*SUP 1: 122.62 Hourly High August 3 
*SUP 2: 122.26 Low August 3 
*SUP 3: 122.00 100-DMA 
*SUP 4: 121.99 Low August 2 
The contract rallied hard off of its 100-DMA (currently at 122.00) late last
week, with Friday's gains allowing prices to break out of the short-term
downtrend. Bulls now need to close above Friday's high of 122.77 to shift the
focus higher and establish a potential bullish reversal pattern. On the
downside, bears need a fall back below Friday's low at 122.26 to re-establish
the downtrend and mount another assault on the 100-DMA support level.  

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