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(M18) 120.89-121.14 Support Key Today....>

GILT TECHS
GILT TECHS: (M18) 120.89-121.14 Support Key Today
*RES 4: 123.14 Daily Bull channel top 
*RES 3: 122.44 100-DMA 
*RES 2: 122.12 High Mar 16, Bollinger band top 
*RES 1: 121.94 High Mar 20
*PREVIOUS CLOSE: 121.39
*SUP 1: 121.33 Daily Bull channel base off Feb low 
*SUP 2: 121.14 Low Mar 19 
*SUP 3: 120.89 Low Mar 8 
*SUP 4: 120.48 Low Feb 27
*COMMENTARY: Bears take comfort in repeated failures around the Bollinger band
top and ahead of the 100-DMA that now sees focus back on 120.89-121.33 where the
bull channel base and 21-DMA (121.26) are noted. Bears look for a close below
120.89 to hint at a move back to 119.29 with below 120.29 to confirm. Bulls
continue to look for a close above 122.12 to confirm focus on 122.44-123.06. The
Bollinger top remains the key concern for bulls.

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