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(H18) Below 120.74 To See Focus Back.....>

GILT TECHS
GILT TECHS: (H18) Below 120.74 To See Focus Back On 2018 Low
*RES 4: 121.97 High Feb 7 
*RES 3: 121.81 21-DMA 
*RES 2: 121.69 High Feb 9 
*RES 1: 121.44 High Feb 16
*PREVIOUS CLOSE: 121.05
*SUP 1: 120.74 High Feb 15 now support 
*SUP 2: 120.13 2018 Low Feb 15 
*SUP 3: 119.35 Low Apr 29 2016 
*SUP 4: 118.93 Monthly Low Apr 26 2016
*COMMENTARY: The lack of follow through on 2018 lows was followed up with an
aggressive bounce and relatively bullish close Friday that increases the risk of
a test of 121.81-122.24 where the 21-DMA is noted. A close above 122.24 remains
needed to hint at a move back to 123.12-29 with above 122.65 to confirm. Bears
look for a close below 120.74 to return initial focus to 2018 lows and then
119.35 last seen in April 2016.

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