(U18) Above 123.64 To Target 124.67......>

GILT TECHS: (U18) Above 123.64 To Target 124.67

*RES 4: 123.93 Hourly resistance May 29 

*RES 3: 123.72 Bollinger band top 

*RES 2: 123.64 High May 30 

*RES 1: 123.19 High June 19

*PREVIOUS CLOSE: 123.03

*SUP 1: 122.66 Alternating hourly support/resistance 

*SUP 2: 122.28 Low June 21 

*SUP 3: 122.14 Hourly support June 14

*SUP 4: 121.68 Hourly support June 12

*COMMENTARY: The dip below the 21-DMA (122.46) was aggressively reversed with

immediate pressure on the 123.19-64 resistance region. Bulls continue to look

for a close above 123.64 to initially target 124.67. Bears now need a close

below 122.66 to gain breathing room and below 122.14 to shift initial focus back

to 121.33-73 where the 55-DMA (121.54) is located. The Bollinger top is the key

concern for bulls with potential to limit follow through on a break higher.