(U18) Bulls Need Close Above 123.39 .....>

GILT TECHS: (U18) Bulls Need Close Above 123.39 

*RES 4: 124.67 High May 29 

*RES 3: 124.27 High July 20 

*RES 2: 123.39 Hourly High July 26

*RES 1: 123.31 Hourly resistance July 27 

*PREVIOUS CLOSE: 123.24 

*SUP 1: 123.04 Low July 27 

*SUP 2: 122.99 Low July 26

*SUP 3: 122.93 Low June 24 

*SUP 4: 122.55 55-DMA 

The gradual uptrend remains in place with the contract continuing to post higher

lows, but upside momentum has been capped following the false break higher in

mid-July. Bears need a close below Friday's low of 123.04 to mount another test

of the month-long uptrend. For the bulls, a break above the July 26 high of

123.39 would be needed for another attempt at an upside break.