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(H18) Below 122.44 To Confirm Focus On...>

GILT TECHS
GILT TECHS: (H18) Below 122.44 To Confirm Focus On 200-WMA
*RES 4: 123.82 High Jan 19 
*RES 3: 123.43 High Jan 24 
*RES 2: 123.26 2018 Low Jan 12 now resistance 
*RES 1: 123.12 Low Nov 30 now resistance
*PREVIOUS CLOSE: 122.85
*SUP 1: 122.61 2018 Low Jan 25 
*SUP 2: 122.44 Monthly Low Oct 25 
*SUP 3: 121.32 200-WMA 
*SUP 4: 120.54 Monthly Low May 25 2016
*COMMENTARY: The contract remained capped ahead of key DMAs last week with the
sell-off Wednesday leaving H18 looking a little heavy. The closes below 123.12
sees immediate focus on the close below 122.44 needed to confirm focus on the
200-WMA and then the May 2015 monthly low beneath. Layers of resistance are
again weighing with bulls needing a close above 123.26 to ease bearish pressure
and above 123.43 to initially pressure 123.82.

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