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(U18) Bears Need Close Below 122.87......>

GILT TECHS
GILT TECHS: (U18) Bears Need Close Below 122.87
*RES 4: 124.67 High May 29 
*RES 3: 123.93 Hourly resistance May 29 
*RES 2: 123.71 Bollinger band top 
*RES 1: 123.64 High May 30
*PREVIOUS CLOSE: 123.34
*SUP 1: 123.19 High June 19 now support 
*SUP 2: 122.87 Low June 27 
*SUP 3: 122.55 Low June 22 
*SUP 4: 122.28 Low June 21
*COMMENTARY: Pressure on the 123.19 resistance took its toll with a break higher
and bullish close that sees immediate focus now on 123.64. Bulls now look for a
close above this level to add support to the case for a test of 124.67. O/B
daily studies and the Bollinger top remain concerns for bulls. Bears now need a
close below 122.87 to gain breathing room and below 122.28 to shift focus back
to 121.12-73 where 55 & 100-DMAs are noted.

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