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(U18) 122.67 Support Key Today *RES 4:...>

GILT TECHS
GILT TECHS: (U18) 122.67 Support Key Today
*RES 4: 125.69 Monthly High Dec 15 
*RES 3: 125.42 High Dec 27 
*RES 2: 124.67 High May 29 
*RES 1: 123.93 Hourly resistance May 29
*PREVIOUS CLOSE: 123.38
*SUP 1: 122.81 Low May 29 
*SUP 2: 122.67 High May 28 now support 
*SUP 3: 121.86 High May 4 now support 
*SUP 4: 121.20 21-DMA
*COMMENTARY: Aggressive gains lacked follow through which is less than ideal for
bulls given very O/B daily studies. In saying that, bulls now focus their
attention on the 125.42-69 region where Dec highs are noted. The 122.67 support
is now key. Bears now need a close below this level to ease bullish pressure and
below 121.86 to shift focus back to 120.95-121.20 where 21, 55 & 100-DMAs are
situated. Bulls need a close above 123.93 to add support to their case.

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