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GILT TECHS: (U18) Bulls Need Close Above 123.17
*RES 4: 125.42 High Dec 27
*RES 3: 124.67 High May 29
*RES 2: 123.93 Hourly resistance May 29
*RES 1: 123.17 High June 1
*PREVIOUS CLOSE: 122.83
*SUP 1: 122.43 Low June 1
*SUP 2: 121.86 High May 4 now support
*SUP 3: 121.63 21-DMA
*SUP 4: 121.31 55-DMA
*COMMENTARY: Aggressive gains lacked follow through last week which is less than
ideal for bulls given very O/B daily studies. Daily studies correcting from O/B
remain a key concern for bulls. Bulls continue to look for a close above 123.17
to gain breathing room and above 123.93 to return immediate focus to 2018 highs.
While 123.17 caps bears focus on 120.96-121.86 where key DMAs are noted with a
close below 122.43 to add weight to their case.