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(U17) Above 127.20 To Shift Focus........>

GILT TECHS
GILT TECHS: (U17) Above 127.20 To Shift Focus Higher
*RES 4: 126.92 Daily Bull channel top 
*RES 3: 126.82 100-DMA 
*RES 2: 126.67 High July 24 
*RES 1: 126.54 High July 25
*PREVIOUS CLOSE: 126.21
*SUP 1: 125.86 Hourly support July 26 
*SUP 2: 125.71 21-DMA 
*SUP 3: 125.62 High July 17 now support 
*SUP 4: 125.51 Daily Bull channel base
*COMMENTARY: Despite looking heavy and flirting with the 21-DMA Tuesday bears
were unable to manage the break below 125.62 needed to confirm focus on
124.71-95. Support on dips provides bulls breathing room but the 126-67-127-20
resistance region remains key. Bulls look for a close above 127.20 to end
bearish hopes and shift initial focus to 127.66. O/B daily studies and the
Bollinger top (126.68) are key concerns for bulls.

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