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(H18) O/S Daily Studies Remain Key.......>

GILT TECHS
GILT TECHS: (H18) O/S Daily Studies Remain Key Concern
*RES 4: 122.65 High Jan 30 
*RES 3: 122.22 Hourly support Jan 31 now resistance 
*RES 2: 121.87 Low Jan 31 now resistance 
*RES 1: 121.64 High Feb 5
*PREVIOUS CLOSE: 121.40
*SUP 1: 121.19 Low Feb 5 
*SUP 2: 120.92 2018 Low Feb 2 
*SUP 3: 120.54 Monthly Low May 25 2016 
*SUP 4: 118.93 Monthly Low Apr 4 2016
*COMMENTARY: Bears take comfort in the weekly close below the 200-WMA (121.43)
that sees immediate focus on 120.54 and overall focus on 114.41 2015 lows. O/S
daily studies remain the key concern for bears. Bulls now need a close above
121.87 to ease immediate bearish pressure and above 122.65 to shift focus back
to 123.12-43 where the 21-DMA (123.15) is found.

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