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(U17) 127.87 Resistance Key Today *RES...>

GILT TECHS
GILT TECHS: (U17) 127.87 Resistance Key Today
*RES 4: 129.01 High June 15 
*RES 3: 128.68 High June 21 
*RES 2: 128.24 High Aug 11 
*RES 1: 127.87 High Aug 14
*PREVIOUS CLOSE: 127.40
*SUP 1: 127.33 Low Aug 15 
*SUP 2: 127.06 Low Aug 9 
*SUP 3: 126.76 Hourly resistance Aug 7 now support 
*SUP 4: 126.50 Hourly support Aug 3
*COMMENTARY: Lower daily highs and lows are a concern for bulls as daily studies
correcting from O/B add weight to the case for a decent correction. Layers of
support remain 162.54-127.06 where key DMAs are situated. Bears need a close
below 126.54 to end bullish hopes, initially targeting 125.62 with overall focus
shifting to 124.71-95. The 127.87 resistance is key today with a close above
needed to return focus to 128.24-68.

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