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(M18) 122.74 Support Key This Week.......>

GILT TECHS: (M18) 122.74 Support Key This Week
*RES 4: 125.17 2018 High Jan 2 
*RES 3: 124.84 55-WMA 
*RES 2: 123.99 Daily Bull channel top
*RES 1: 123.65 High May 25
*SUP 1: 123.03 High Apr 4 now support 
*SUP 2: 122.74 High May 24 now support 
*SUP 3: 122.32 High May 23 now support 
*SUP 4: 121.93 High May 21 now support
*COMMENTARY: Gains last week resulted in a close above the 200-WMA (122.31) and
the weekly bear channel top off Sept 2017 highs. and see bulls now focused on
the 123.99-124.84 region where the 55-WMA is located. The Bollinger top (123.08)
is the key concern for bulls. Bears now look for a close below 122.74 to ease
bullish pressure and target a correction back to 121.78-92 where 55 & 100-DMAs
are noted.

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