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(M18) Bears Need Close Below 120.29......>

GILT TECHS
GILT TECHS: (M18) Bears Need Close Below 120.29
*RES 4: 122.59 100-DMA 
*RES 3: 122.35 55-DMA 
*RES 2: 121.83 Daily Bull channel top 
*RES 1: 121.55 High Jan 30, Bollinger band top
*PREVIOUS CLOSE: 121.12
*SUP 1: 120.69 Daily Bull channel base 
*SUP 2: 120.29 Low Feb 22 
*SUP 3: 119.83 Low Feb 20 
*SUP 4: 119.29 Monthly Low Feb 15
*COMMENTARY: M18 continues to gain traction above the 21-DMA (120.55) with bulls
looking for a close above 121.55 to add support to the case for a move targeting
55 & 100-DMAs. The Bollinger top lurking above is likely to be an issue and
limit follow through when challenged. Bears now need a close below 120.29 to
ease bullish pressure and see focus return to tests of 119.29 Feb lows so far
for M18.

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