(U18) 55-WMA Capping For Now *RES 4:.....>

GILT TECHS: (U18) 55-WMA Capping For Now

*RES 4: 125.42 High Dec 27 

*RES 3: 124.67 High May 29 

*RES 2: 124.10 55-WMA 

*RES 1: 123.99 High July 18

*PREVIOUS CLOSE: 123.68

*SUP 1: 123.49 High July 3 now support 

*SUP 2: 123.06 Low July 17 

*SUP 3: 122.76 Low July 9 

*SUP 4: 122.55 Low June 22

*COMMENTARY: Narrowing Bollinger bands hinted at a breakout and bulls were not

disappointed with a break higher that has so far remained capped ahead of the

55-WMA. Bulls look for a close above the 55-WMA to add support to the case for a

test of 2018 highs and focus on 125.42-126.38 where the 100-WMA and falling TL

off Sept 2016 highs are noted. Bears now need a close below 123.49 to gain

breathing room and below 123.06 to shift focus back to 122.28-76.