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GILT TECHS: (U18) Below 122.14 To Gain Breathing Room
*RES 4: 123.84 Bollinger band top
*RES 3: 123.64 High May 30
*RES 2: 123.17 High June 1
*RES 1: 122.92 High June 15
*PREVIOUS CLOSE: 122.55
*SUP 1: 122.14 Hourly support June 14
*SUP 2: 121.68 Hourly support June 12
*SUP 3: 121.49 55-DMA
*SUP 4: 121.33 Low June 12
*COMMENTARY: The recovery from the dip below the 55-DMA is now hesitating ahead
of layers of resistance 123.17-64 with a close above 123.64 to initially target
124.67 while 122.14 supports. Bears still need a close below 122.14 to gain
breathing room and below 121.33 to confirm a break of the 55-DMA and hint at a
move back to 119.95 with below the 100-DMA (120.96) to confirm.