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(H18) Bulls Need Close Above 122.65......>

GILT TECHS
GILT TECHS: (H18) Bulls Need Close Above 122.65
*RES 4: 123.43 High Jan 24 
*RES 3: 123.26 2018 Low Jan 12 now resistance 
*RES 2: 123.12 Low Nov 30 now resistance 
*RES 1: 122.65 High Jan 30
*PREVIOUS CLOSE: 122.35
*SUP 1: 122.28 2018 Low Jan 29 
*SUP 2: 122.23 Bollinger band base 
*SUP 3: 121.39 200-WMA 
*SUP 4: 120.54 Monthly Low May 25 2016
*COMMENTARY: The contract remained capped ahead of key DMAs in past weeks with
the sell-off last week leaving H18 looking a little heavy. Fresh 2018 & 18mth
lows to start the week confirmed initial focus on the 200-WMA. Bears need a
close below the 200-WMA to target 118.93-120.54 where 2016 monthly lows are
situated. Bulls now look for a close above 122.65 to gain breathing room and
above 123.43 to shift focus to 123.71-124.50.

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