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

GILT TECHS
GILT TECHS: (M18) 120.29 Support Remains Key
*RES 4: 122.48 100-DMA 
*RES 3: 122.02 High Mar 2 
*RES 2: 121.84 55-DMA 
*RES 1: 121.64 High Mar 8
*PREVIOUS CLOSE: 121.23
*SUP 1: 120.89 Low Mar 8 
*SUP 2: 120.48 Low Feb 27 
*SUP 3: 120.29 Low Feb 22 
*SUP 4: 119.83 Low Feb 20
*COMMENTARY: The correction lower from failures ahead of the 55-DMA resulted in
a dip below the 21-DMA (120.77) last week but follow through was 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 take comfort in Thursday's bounce but
still need a close above Y122.02 to pressure the 100-DMA although the Bollinger
top (121.92) remains a concern and has potential to limit follow through.

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