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(M18) Above 121.33 To Ease Bearish.......>

GILT TECHS
GILT TECHS: (M18) Above 121.33 To Ease Bearish Pressure
*RES 4: 122.42 100-DMA 
*RES 3: 122.12 High Mar 16, Bollinger band top 
*RES 2: 121.94 High Mar 20 
*RES 1: 121.33 Low Mar 20 now resistance
*PREVIOUS CLOSE: 120.92
*SUP 1: 120.50 Bollinger band base 
*SUP 2: 120.48 Low Feb 27 
*SUP 3: 120.29 Low Feb 22 
*SUP 4: 119.83 Low Feb 20
*COMMENTARY: Failure to take out the 100-DMA (122.42) resulted in an aggressive
break of the 21-DMA and bull channel base off Feb lows leaving M18 looking
heavy. Bears now look for a close below 120.29 to confirm immediate focus on
119.29 Feb lows. The Bollinger base is the key concern for bears. Bulls now look
for a close above 121.33 to ease bearish pressure and return focus to
121.94-122.42.

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