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(M18) Bulls Need Close Above 100-DMA.....>

GILT TECHS
GILT TECHS: (M18) Bulls Need Close Above 100-DMA
*RES 4: 122.80 Bollinger band top 
*RES 3: 122.50 High May 10 
*RES 2: 121.86 100-DMA 
*RES 1: 121.83 55-DMA
*PREVIOUS CLOSE: 121.59
*SUP 1: 121.41 High May 17 now support 
*SUP 2: 120.89 Low May 17 
*SUP 3: 120.69 Low Mar 21 
*SUP 4: 120.48 Low Feb 27
*COMMENTARY: The contract continues to trade sideways in a broad 120.69-123.03
range. The rally to end the week sees pressure back on 55 & 100-DMAs with a
close above the 100-DMA needed to shift focus back to the upper end of the
defining 120.69-123.03 range. While the 100-DMA caps bears retain the advantage.
Overall a close below 120.69 is needed to end broad sideways trading and
initially target 119.29 Feb lows.

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