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

GILT TECHS
GILT TECHS: (M18) 120.29 Support Remains Key
*RES 4: 122.53 100-DMA 
*RES 3: 122.02 High Mar 2 
*RES 2: 121.99 55-DMA 
*RES 1: 121.43 Low Mar 2 now resistance
*PREVIOUS CLOSE: 121.26
*SUP 1: 120.48 Low Feb 27 
*SUP 2: 120.29 Low Feb 22 
*SUP 3: 119.83 Low Feb 20 
*SUP 4: 119.50 Bollinger band base
*COMMENTARY: The correction lower from failures ahead of the 55-DMA resulted in
a dip below the 21-DMA (120.62) but follow through has been lacking. Bears
continue to look for a close below 120.29 to confirm a break of the 21-DMA and
return initial focus to 119.29. Bulls still need a close above 121.43 to gain
breathing room and above Y122.02 to pressure the 100-DMA (122.54) although the
Bollinger top (121.75) remains a concern.

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