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(M18) Broad Range Trading Continues......>

GILT TECHS: (M18) Broad Range Trading Continues
*RES 4: 123.03 High Apr 4 
*RES 3: 122.94 High May 4 
*RES 2: 122.80 Bollinger band top 
*RES 1: 122.50 High May 10
*SUP 1: 121.93 High May 21 now support 
*SUP 2: 121.28 Low May 22 
*SUP 3: 120.89 Low May 17 
*SUP 4: 120.69 Low Mar 21
*COMMENTARY: The contract continues to trade sideways in a broad 120.69-123.03
range. The rally to start the week saw pops above 55 & 100-DMAs (121.79-85) with
the close above 121.93 Wednesday shifting focus back to the upper end of the
defining 120.69-123.03 range. Bears now need a close below 131.93 to gain
breathing room. Bulls now need a close above 123.03 to initially target 123.57.

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