(U18) Bulls Need Close Above 123.41......>

GILT TECHS: (U18) Bulls Need Close Above 123.41

*RES 4: 124.67 High May 29 

*RES 3: 124.27 High July 20 

*RES 2: 123.84 Hourly support July 19 now resistance 

*RES 1: 123.41 Hourly resistance July 23

*PREVIOUS CLOSE: 123.30

*SUP 1: 123.10 Hourly support July 24 

*SUP 2: 122.94 Low July 24 

*SUP 3: 122.76 Low July 9 

*SUP 4: 122.55 Low June 22

*COMMENTARY: Bears have so far failed to capitalise on the break of the rising

TL off May lows with U18 recovering from its lows Tuesday. Layers of support

remain 122.28-94 with bears needing a close below 122.28 to end bullish hopes

and shift initial focus to 121.73-83 where the 100-DMA is noted. Bulls continue

to look for a close above 123.41 to gain breathing room and above 123.84 to

focus on 124.27-67.