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(U18) 122.28 & 123.64 Levels Key This....>

GILT TECHS
GILT TECHS: (U18) 122.28 & 123.64 Levels Key This Week
*RES 4: 123.93 Hourly resistance May 29 
*RES 3: 123.78 Bollinger band top 
*RES 2: 123.64 High May 30 
*RES 1: 123.49 High July 3
*PREVIOUS CLOSE: 123.15
*SUP 1: 123.13 Alternating hourly support/resistance 
*SUP 2: 122.85 21-DMA 
*SUP 3: 122.76 Low July 9 
*SUP 4: 122.55 Low June 22
*COMMENTARY: The contract remains capped by the 123.49-64 resistance region with
dips finding support around the 21-DMA. Bears continue to look for a close below
122.28 to confirms breaks of the rising daily TL off May lows (122.93) and the
21-DMA with immediate focus shifting to 121.33-95 where 55 & 100-DMAs are
situated. Bulls still need a close above 123.64 to add support to the case for a
test of 124.67.

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