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(U18) Bears Need Close Below 122.14......>

GILT TECHS
GILT TECHS: (U18) Bears Need Close Below 122.14
*RES 4: 123.93 Hourly resistance May 29 
*RES 3: 123.71 Bollinger band top 
*RES 2: 123.64 High May 30 
*RES 1: 123.19 High June 19
*PREVIOUS CLOSE: 122.86
*SUP 1: 122.60 21-DMA 
*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 Thurs 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 still need a close
below 122.14 to shift initial focus back to 121.33-73 where the 55-DMA (121.60)
is located. The Bollinger top and O/B studies are the key concern for bulls with
potential to limit follow through on a break higher.

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