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

GILT TECHS: (M18) 122.59-123.03 Resistance Now Key
*RES 4: 123.57 Low Dec 1 now resistance 
*RES 3: 123.42 Daily Bull channel top 
*RES 2: 123.03 High Apr 4 
*RES 1: 122.59 Low Apr 4 now resistance
*SUP 1: 122.10 Low Apr 6 
*SUP 2: 121.90 21-DMA 
*SUP 3: 121.36 55-DMA 
*SUP 4: 121.32 Daily Bull channel base off Feb low
*COMMENTARY: Hesitation ahead of the daily bull channel top has taken its toll
with the contract now flirting with the 100-DMA (122.34). The 21-DMA is key
support this week with bears needing a close below to confirm focus on
120.69-121.36 where the 55-DMA and daily bull channel base are located. While
the 21-DMA supports bulls remain focused on the channel top with a close above
122.59 needed to gain breathing room.

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