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(U17) 128.18-35 Resistance Key Today.....>

GILT TECHS
GILT TECHS: (U17) 128.18-35 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: 127.18 Daily Bull channel top
*PREVIOUS CLOSE: 126.54
*SUP 1: 126.50 Hourly support Aug 3 
*SUP 2: 126.21 Hourly resistance Aug 2 now support 
*SUP 3: 125.95 21-DMA 
*SUP 4: 125.78 Daily Bull channel base
*COMMENTARY: Time spent above 55 (126.91) & 100 (126.86) DMAs was brief with the
sell-off and bearish close a concern for bulls and seeing pressure back on
126.21-50. Bears look for a close below 126.50 to ease bullish pressure and
below 126.21 to shift focus back to 125.62-95. 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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