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

GILT TECHS
GILT TECHS: (U17) 127.24-35 Resistance Remains Key
*RES 4: 128.68 High June 21 
*RES 3: 127.35 Low June 1 now resistance 
*RES 2: 127.29 Daily Bull channel top 
*RES 1: 127.28 Low June 27 now resistance
*PREVIOUS CLOSE: 126.95
*SUP 1: 126.76 Hourly resistance Aug 7 now support 
*SUP 2: 126.50 Hourly support Aug 3 
*SUP 3: 126.21 Hourly resistance Aug 2 now support 
*SUP 4: 126.12 21-DMA
*COMMENTARY: The contract remains capped ahead of layers of resistance 127.28-35
where the daily bull channel top is situated. Bull continue to look for a close
above 127.35 to reconfirm a bullish bias and shift focus to 128.68-129.19 where
June highs are located. Layers of support remain with bears needing a close
below 126.50 to ease bullish pressure and below 126.21 to shift focus back to
125.62-126.04.

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