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

GILT TECHS
GILT TECHS: (M18) Bears Now Need Close Below 120.29
*RES 4: 122.29 55-DMA 
*RES 3: 121.55 High Jan 30 
*RES 2: 121.28 TL off Feb 14 high 
*RES 1: 121.25 High Feb 27
*PREVIOUS CLOSE: 120.54
*SUP 1: 120.47 21-DMA 
*SUP 2: 120.29 Low Feb 22 
*SUP 3: 119.83 Low Feb 20 
*SUP 4: 119.29 Monthly Low Feb 15
*COMMENTARY: Immediate pressure has returned to the 21-DMA following the close
below the bull channel base (120.73) with a minor bearish key day reversal
noted. Bears continue to look for a close below 120.29 to confirm an easing of
bullish pressure and return initial focus to 119.29 Feb lows. Bulls look for a
close above 121.55 to add support to the case for a move targeting 55 &
100-DMAs.

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