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(H18) Below 120.74 To Confirm Focus On...>

GILT TECHS
GILT TECHS: (H18) Below 120.74 To Confirm Focus On 2018 Low
*RES 4: 122.65 High Jan 30 
*RES 3: 122.24 High Feb 6 
*RES 2: 121.82 High Feb 21 
*RES 1: 121.62 21-DMA
*PREVIOUS CLOSE: 121.58
*SUP 1: 121.40 Low Feb 21 
*SUP 2: 120.74 High Feb 15 now support 
*SUP 3: 120.13 2018 Low Feb 15 
*SUP 4: 119.35 Low Apr 29 2016
*COMMENTARY: The correction from last week's 2018 lows is currently flirting
with the 21-DMA (121.62) with bulls now needing a close above 121.82 to confirm
initial focus on the 122.24-65 resistance region. Above 122.65 is now needed to
confirm a move back to 123.12-29. Bears now need a close below 121.40 to gain
breathing room and below 120.74 to return initial focus to 2018 lows and then
119.35 last seen in April 2016.

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