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(U18) Above 123.20 To Gain Breathing.....>

GILT TECHS
GILT TECHS: (U18) Above 123.20 To Gain Breathing Room
*RES 4: 123.64 High May 30 
*RES 3: 123.60 Bollinger band top 
*RES 2: 123.49 High July 3 
*RES 1: 123.20 High July 10
*PREVIOUS CLOSE: 122.98
*SUP 1: 122.76 Low July 9 
*SUP 2: 122.55 Low June 22 
*SUP 3: 122.28 Low June 21 
*SUP 4: 122.04 55-DMA
*COMMENTARY: The contract remains capped by 123.49-64 with dips finding support
at 122.76. Bears look for a close below 122.76 to confirm breaks of the rising
daily TL off May lows (123.09) and the 21-DMA (122.96) 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 now look for a close above 123.20 to gain
breathing room and above 123.64 to reconfirm overall focus on 124.67.

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