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(U17) Bears Need Close Below 127.56......>

GILT TECHS
GILT TECHS: (U17) Bears Need Close Below 127.56
*RES 4: 129.19 Monthly High June 14 
*RES 3: 129.01 High June 15 
*RES 2: 128.68 High June 21 
*RES 1: 127.86 Daily Bull channel top
*PREVIOUS CLOSE: 127.70
*SUP 1: 127.56 High Aug 9 now support 
*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: The close above 127.35 reconfirmed the bullish bias and sees bulls
focused on 128.68-129.19 where June highs are located. The Bollinger top
(127.61) remains the key concern for bulls with potential to limit follow
through. Initial support is noted at 127.56 with bears needing a close below to
ease bullish pressure and below 126.50 to shift focus back to 125.62-99 where
the bull channel base is noted.

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