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(M18) 120.69 Support Now Key *RES 4:.....>

GILT TECHS
GILT TECHS: (M18) 120.69 Support Now Key
*RES 4: 122.84 Highs Apr 11 & 18 
*RES 3: 122.25 100-DMA 
*RES 2: 122.19 Alternating hourly support/resistance 
*RES 1: 121.48 Low Apr 17 now resistance
*PREVIOUS CLOSE: 121.35
*SUP 1: 121.15 Bollinger band base 
*SUP 2: 121.04 Low Mar 22 
*SUP 3: 120.69 Low Mar 21 
*SUP 4: 120.48 Low Feb 27
*COMMENTARY: Bulls failed to capitalise on the aggressive rally Wednesday with
the contract capped by the key 122.84-123.03 resistance region. Losses followed
on Thursday with bears needing a close below 121.04 to initially pressure 120.69
and hint at a move to 120.29. Below 120.29 then targets 119.29-83. Bulls now
need a close above the 100-DMA to ease bearish pressure and shift focus back to
122.84-123.03.

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