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(U18) 122.43-123.17 Resistance Region....>

GILT TECHS
GILT TECHS: (U18) 122.43-123.17 Resistance Region Now Key
*RES 4: 124.67 High May 29 
*RES 3: 123.93 Hourly resistance May 29 
*RES 2: 123.17 High June 1 
*RES 1: 122.43 Low June 1 now resistance
*PREVIOUS CLOSE: 121.91
*SUP 1: 121.64 21-DMA 
*SUP 2: 121.33 55-DMA 
*SUP 3: 120.96 100-DMA 
*SUP 4: 119.95 Monthly Low Apr 23
*COMMENTARY: Aggressive gains lacked follow through last week which is less than
ideal for bulls given very O/B daily studies. Daily studies correcting from O/B
remain a key concern for bulls. The close below 122.43 has left the contract
looking offered with focus now on key DMAs 120.96-121.64. Bulls now need a close
above 122.43 to gain breathing room and above 123.17 to return immediate focus
to 2018 highs.

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