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(U17) 127.24-35 Resistance Key Today.....>

GILT TECHS
GILT TECHS: (U17) 127.24-35 Resistance Key Today
*RES 4: 128.68 High June 21 
*RES 3: 127.35 Low June 1 now resistance 
*RES 2: 127.28 Low June 27 now resistance 
*RES 1: 127.24 Daily Bull channel top
*PREVIOUS CLOSE: 127.10
*SUP 1: 126.50 Hourly support Aug 3 
*SUP 2: 126.21 Hourly resistance Aug 2 now support 
*SUP 3: 126.04 21-DMA 
*SUP 4: 125.83 Daily Bull channel base
*COMMENTARY: The contract continues to oscillate around the 55 (126.91) & 100
(126.88) DMAs with bulls taking comfort in the bounce from Monday's low. Bears
look for a close below 126.50 to ease bullish pressure and below 126.21 to shift
focus back to 125.62-126.04. The 127.35 resistance remains key this week. Bulls
need a close above 127.35 to shift focus to 128.68-129.19 where June highs are
located.

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