(M18) Focus Returns to 123.03 *RES 4:....>

GILT TECHS: (M18) Focus Returns to 123.03

*RES 4: 123.57 Low Dec 1 now resistance 

*RES 3: 123.03 High Apr 4 

*RES 2: 122.94 High May 4 

*RES 1: 122.85 Bollinger band top

*PREVIOUS CLOSE: 122.55

*SUP 1: 122.32 High May 23 now support 

*SUP 2: 121.93 High May 21 now support 

*SUP 3: 121.28 Low May 22 

*SUP 4: 120.89 Low May 17

*COMMENTARY: The contract continues to trade sideways in a broad 120.69-123.03

range. Bulls take comfort as the pendulum swings back to the upper end of the

defining range. Bulls continue to look for a close above 123.03 to confirm a

break to the topside with immediate focus shifting to 123.57. Bears now need a

close below 121.93 to shift focus back to the 120.69-89 region.