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GILT TECHS: (U18) Recovery Intact But 123.00 Is Key
*RES 4: 123.49 High July 13
*RES 3: 123.29 High July 30
*RES 2: 123.02 21-DMA
*RES 1: 122.99 Low July 26 now resistance
*PREVIOUS CLOSE: 122.96
*SUP 1: 122.76 55-DMA
*SUP 2: 122.57 Low August 6
*SUP 3: 122.26 Low August 3
*SUP 4: 122.02 100-DMA
Gilts are trading at a key level with a break above 122.99/123.02 needed to send
the market into a higher trading range and re-establish the broader bullish
trend. On the downside, bears need to close back below the 55-DMA and
yesterday's low of 122.57 in order to shift the outlook back to neutral.