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(M18) 122.59-123.03 Resistance Now Key...>

GILT TECHS
GILT TECHS: (M18) 122.59-123.03 Resistance Now Key
*RES 4: 123.57 Low Dec 1 now resistance 
*RES 3: 123.36 Daily Bull channel top 
*RES 2: 123.03 High Apr 4 
*RES 1: 122.59 Low Apr 4 now resistance
*PREVIOUS CLOSE: 122.24
*SUP 1: 121.84 21-DMA 
*SUP 2: 121.38 55-DMA 
*SUP 3: 121.26 Daily Bull channel base off Feb low 
*SUP 4: 121.04 Low Mar 22
*COMMENTARY: Hesitation ahead of the daily bull channel top has taken its toll
with a close below the 100-DMA (122.35) that sees initial focus back on the
21-DMA and overall focus on 120.69-121.38 where the 55-DMA and channel base are
noted. Daily studies at O/B levels remains a concern for bulls. Bulls now look
for a close above 122.59 to reconfirm immediate focus on tests of the bull
channel top.

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