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

GILT TECHS
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: 124.27 High July 20 
*RES 1: 123.84 Hourly support July 19 now resistance
*PREVIOUS CLOSE: 123.62
*SUP 1: 123.47 Low July 19 
*SUP 2: 123.22 21-DMA 
*SUP 3: 123.06 Low July 17 
*SUP 4: 122.76 Low July 9
*COMMENTARY: Failure to capitalise on Thursday's rally sees the contract looking
offered and immediate pressure back on the 123.47 support. 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 (122.38) is found. Bulls now need a close above
123.84 to gain breathing room and retain initial focus on 124.67.

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