(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: 123.21

*SUP 1: 122.94 Low July 17 

*SUP 2: 122.76 Low July 9 

*SUP 3: 122.55 Low June 22 

*SUP 4: 122.52 55-DMA

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

TL off May lows with U18 recovering from its lows and support emerging on dips.

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.