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

GILT TECHS
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.

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