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(H18) Below 123.12 To Confirm Focus On...>

GILT TECHS
GILT TECHS: (H18) Below 123.12 To Confirm Focus On 122.44
*RES 4: 124.96 High Jan 3 & 8 
*RES 3: 124.50 High Jan 11 
*RES 2: 124.20 High Jan 16 
*RES 1: 123.82 High Jan 19
*PREVIOUS CLOSE: 123.60
*SUP 1: 123.26 2018 Low Jan 12 
*SUP 2: 123.12 Monthly Low Nov 30 
*SUP 3: 122.44 Monthly Low Oct 25 
*SUP 4: 121.26 200-WMA
*COMMENTARY: The contract remained capped ahead of key DMAs last week with the
sell-off Thursday leaving H18 looking a little heavy. Bears still look for a
close below 123.12 to confirm focus on 122.44 Oct lows. Bulls need a close above
123.82 to ease bearish pressure and above 124.50 to confirm focus on 125.41-69.
Daily studies correcting from O/S and the Bollinger base (123.31) remain key
concerns for bears.

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