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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: 123.71 Bollinger band top 
*RES 3: 123.64 High May 30 
*RES 2: 123.49 High July 3 
*RES 1: 123.13 Alternating hourly support/resistance
*PREVIOUS CLOSE: 122.92
*SUP 1: 122.76 Low July 9 
*SUP 2: 122.55 Low June 22 
*SUP 3: 122.28 Low June 21 
*SUP 4: 121.99 55-DMA
*COMMENTARY: The contract remains capped by the 123.49-64 resistance region with
dips finding support around the 21-DMA. Bears look for a close below 122.76 to
confirm breaks of the rising daily TL off May lows (123.01) and the 21-DMA
(122.91) with immediate focus shifting to 122.28. below this level is needed to
shift focus to 121.33-99 where 55 & 100-DMAs are situated. Bulls need a close
above 123.64 to reconfirm overall focus on 124.67.

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