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(M18) Bulls Focused On 55 & 100-DMAs.....>

GILT TECHS
GILT TECHS: (M18) Bulls Focused On 55 & 100-DMAs
*RES 4: 122.55 100-DMA 
*RES 3: 122.16 55-DMA 
*RES 2: 122.09 Daily Bull channel top 
*RES 1: 122.02 High Mar 2
*PREVIOUS CLOSE: 121.60
*SUP 1: 121.43 Low Mar 2 
*SUP 2: 121.16 Low Mar 1 
*SUP 3: 120.54 21-DMA 
*SUP 4: 120.29 Low Feb 22
*COMMENTARY: Bears failed to capitalise on the minor bearish key day reversal
Tuesday with bulls taking comfort in support emerging around the 21-DMA. Gains
Thursday see bulls currently focused on 55 & 100-DMAs although O/B studies and
the Bollinger top (121.58) are concerns. Bears still need a close below 121.16
to ease bullish pressure and below 120.29 to confirm a break of the 21-DMA &
return initial focus to 119.29 Feb lows.

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