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GILT TECHS: (U18) Key Downside Break.....>

GILT TECHS
GILT TECHS: GILT TECHS: (U18) Key Downside Break
*RES 4: 123.30 High July 30 
*RES 3: 123.24 21-DMA
*RES 2: 122.99 Low July 26 
*RES 1: 122.83 Hourly resistance 
*PREVIOUS CLOSE: 122.66
*SUP 1: 122.58 55-DMA 
*SUP 2: 122.40 Low July 30 
*SUP 3: 122.28 Low June 21 
*SUP 4: 121.93 100-DMA 
Yesterday's impulsive down move was a big blow to the bulls, with price action
breaking cleanly below the ST uptrend. A move above hourly resistance at 122.83
will be needed for bulls to gain some breathing room, but a break above the July
26 low will be needed to mount a serious bullish case. On the downside, the
55-DMA is the next level of support.

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