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(U18) 123.64 Resistance Remains Key......>

GILT TECHS: (U18) 123.64 Resistance Remains Key
*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
*SUP 1: 122.80 Low July 5 
*SUP 2: 122.71 21-DMA, Daily Bull channel base off May low 
*SUP 3: 122.55 Low June 22 
*SUP 4: 122.28 Low June 21
*COMMENTARY: The contract remains capped by the 123.49-64 resistance region with
dips finding support ahead of the 21-DMA so far this week. Bears continue to
look for a close below 122.28 to confirms breaks of the rising daily TL off May
lows and the 21-DMA with immediate focus shifting to 121.33-86 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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