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(M18) Break Of 55-DMA Aggressively.......>

GILT TECHS
GILT TECHS: (M18) Break Of 55-DMA Aggressively Reversed
*RES 4: 123.06 Daily Bull channel top 
*RES 3: 122.44 100-DMA 
*RES 2: 122.18 Bollinger band top 
*RES 1: 122.12 High Mar 16
*PREVIOUS CLOSE: 121.81
*SUP 1: 121.68 55-DMA 
*SUP 2: 121.14 Low Mar 19 
*SUP 3: 120.89 Low Mar 8 
*SUP 4: 120.48 Low Feb 27
*COMMENTARY: Topside hesitation resulted in a break of the 55 & 21 (121.20) DMAs
Monday only to be aggressively reversed for a relatively bullish close. Bears
now need a close below the 55-DMA to gain breathing room and below 120.89 to
hint at a move back to 119.29 with below 120.29 to confirm. Bulls continue to
look for a close above 122.12 to confirm focus on 122.44-123.06. The Bollinger
top remains the key concern for bulls.

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