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(M18) 120.29 Support Remains Key *RES....>

GILT TECHS
GILT TECHS: (M18) 120.29 Support Remains Key
*RES 4: 122.24 Daily Bull channel top 
*RES 3: 122.11 55-DMA 
*RES 2: 122.02 High Mar 2 
*RES 1: 121.43 Low Mar 2 now resistance
*PREVIOUS CLOSE: 121.31
*SUP 1: 121.14 Daily Bull channel base 
*SUP 2: 120.59 21-DMA 
*SUP 3: 120.29 Low Feb 22 
*SUP 4: 119.83 Low Feb 20
*COMMENTARY: The 21-DMA supported last week but continued hesitation ahead of
the 55-DMA has left the contract looking a little heavy and pressuring the bull
channel base. Bears need a close below the bull channel base to ease bullish
pressure and below 120.29 to confirm a break of the 21-DMA and return initial
focus to 119.29. Bulls now need a close above the 55-DMA to pressure the 100-DMA
(122.55) although the Bollinger top (121.67) remains a concern.

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