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(U8) Rejected At Key Resistance *RES...>

GILT TECHS
GILT TECHS: (U8) Rejected At Key Resistance  
*RES 4: 123.49 High July 13 
*RES 3: 123.29 High July 30 
*RES 2: 123.10 High August 7
*RES 1: 123.05 High 21-DMA 
*PREVIOUS CLOSE: 122.74 
*SUP 1: 122.57 Low August 6 
*SUP 2: 122.26 Low August 3 
*SUP 3: 122.03 100-DMA 
*SUP 4: 121.99 Low August 2 
Gilts were rejected at the 21-DMA resistance level preventing prices from
entering into a new higher trading range and returning the focus the downside.
Bears now need a close below 122.23 to target the 100-DMA, which currently sits
at 122.03, and the August 2 low at 121.99. A break below these levels would pave
the way for a run at the May lows. 

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