(U18) Bears Need Close Below 123.47......>

GILT TECHS: (U18) Bears Need Close Below 123.47

*RES 4: 125.42 High Dec 27 

*RES 3: 124.67 High May 29 

*RES 2: 124.18 High July 19 

*RES 1: 124.11 55-WMA

*PREVIOUS CLOSE: 124.08

*SUP 1: 123.99 High July 18 now support 

*SUP 2: 123.47 Low July 19 

*SUP 3: 123.19 21-DMA 

*SUP 4: 123.06 Low July 17

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

disappointed with a break higher that is flirting with 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 125.47-126.38 where the 100-WMA and falling TL off Sept 2016 highs

are noted. Bears now need a close below 123.47 to gain breathing room and below

123.06 to shift focus back to 122.28-76 where the 55-DMA is found.