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(M18) 121.65 Support Now Key *RES 4:.....>

GILT TECHS
GILT TECHS: (M18) 121.65 Support Now Key
*RES 4: 122.89 Daily Bull channel top 
*RES 3: 122.46 100-DMA 
*RES 2: 122.10 Bollinger band top 
*RES 1: 122.02 High Mar 2
*PREVIOUS CLOSE: 121.95
*SUP 1: 121.77 55-DMA 
*SUP 2: 121.65 High Mar 13 now support 
*SUP 3: 121.19 Daily Bull channel base off Feb low 
*SUP 4: 120.93 21-DMA
*COMMENTARY: Bulls take comfort in the close above the 55-DMA that see immediate
pressure on 122.02 and overall focus on 122.46-89 where the 100-DMA and daily
bull channel top are located. The Bollinger top is the key concern for bulls
with potential to limit follow through. Bears now need a close below 121.65 to
confirm a false break of the 55-DMA and ease bullish pressure. Below 120.89 is
needed to hint at a move back to 119.29 with below 120.29 to confirm.

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