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(H18) 124.20-96 Resistance Now Key.......>

GILT TECHS
GILT TECHS: (H18) 124.20-96 Resistance Now Key
*RES 4: 125.41 High Dec 27 
*RES 3: 124.96 High Jan 3 & 8 
*RES 2: 124.50 High Jan 11 
*RES 1: 124.20 High Jan 16
*PREVIOUS CLOSE: 123.93
*SUP 1: 123.69 Hourly support Jan 15 
*SUP 2: 123.26 2018 Low Jan 12 
*SUP 3: 123.12 Monthly Low Nov 30 
*SUP 4: 122.44 Monthly Low Oct 25
*COMMENTARY: Losses defined last week although bulls take a little comfort in
the lack of follow through on 2mth and 2018 lows with the Bollinger base noted
at 123.47. Bears still look for a close below 123.12 to confirm focus on 122.44
Oct lows. Bulls now need a close above 124.20 to ease immediate bearish pressure
and above 124.96 to shift focus back to 125.41-69. Daily studies approaching O/S
and the Bollinger base remain key concerns for bears.

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