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(H18) 121.69-122.65 Resistance Region....>

GILT TECHS
GILT TECHS: (H18) 121.69-122.65 Resistance Region Key
*RES 4: 122.28 Low Jan 29 now resistance 
*RES 3: 121.97 High Feb 7 
*RES 2: 121.69 High Feb 9 
*RES 1: 121.26 High Feb 12
*PREVIOUS CLOSE: 121.14
*SUP 1: 120.76 Low Feb 12 
*SUP 2: 120.71 Hourly support Feb 8 
*SUP 3: 120.48 2018 Low Feb 8 
*SUP 4: 119.63 Weekly Bear channel base
*COMMENTARY: The topside failure ahead of 122.28 resulted in fresh 2018 & nearly
2 year lows Thursday although follow through has been lacking with the Bollinger
base (120.48) and O/S studies key concerns for bears. Bulls look for a close
above 121.69 to ease immediate bearish pressure and above 122.65 to confirm a
break of the 21-DMA (122.49) and shift in initial focus to 123.12-81 where 55 &
100-DMAs are noted.

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