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(M18) 121.65 Support Remains Key *RES....>

GILT TECHS
GILT TECHS: (M18) 121.65 Support Remains Key
*RES 4: 122.99 Daily Bull channel top 
*RES 3: 122.45 100-DMA 
*RES 2: 122.16 Bollinger band top 
*RES 1: 122.02 High Mar 2
*PREVIOUS CLOSE: 121.89
*SUP 1: 121.72 55-DMA 
*SUP 2: 121.65 High Mar 13 now support 
*SUP 3: 121.29 Daily Bull channel base off Feb low 
*SUP 4: 121.02 21-DMA
*COMMENTARY: Bulls take comfort in closes above the 55-DMA that reconfirm focus
on 122.45-99 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 still 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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