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(U18) Bulls Need Close Above 123.93......>

GILT TECHS: (U18) Bulls Need Close Above 123.93
*RES 4: 125.69 Monthly High Dec 15 
*RES 3: 125.42 High Dec 27 
*RES 2: 124.67 High May 29 
*RES 1: 123.93 Hourly resistance May 29
*SUP 1: 122.55 Low June 1 
*SUP 2: 121.86 High May 4 now support 
*SUP 3: 121.49 21-DMA 
*SUP 4: 121.24 55-DMA
*COMMENTARY: Aggressive gains lacked follow through Tuesday 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 now look for a close above 123.93 to
regain control and return immediate focus to 2018 highs. Bears now focus on
120.96-121.49 where key DMAs are noted with a close below 122.55 to add weight
to their case.

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