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(U18) Pushing Through Resistance *RES....>

GILT TECHS
GILT TECHS: (U18) Pushing Through Resistance
*RES 4: 124.27 High July 19
*RES 3: 124.00 Downtrend resistance from May 29 high
*RES 2: 123.49 High July 13 
*RES 1: 123.29 High July 30 
*PREVIOUS CLOSE: 123.09
*SUP 1: 122.62 Low August 7 
*SUP 2: 122.26 Low August 3 
*SUP 3: 122.07 100-DMA 
*SUP 4: 121.99 Low August 2 
Bulls have the advantage following the break above 123.00, with the July 30 high
of 123.29 the next hurdle to overcome. Beyond this, the downtrend from the May
29 peak comes in at 124.00, which the bulls are likely to target. On the
downside, bears need to close below the August 7 low of 122.62 in order to shift
the outlook neutral, and close below the 100-DMA at 122.07 to regain the upper
hand. 

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