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(M18) Bulls Need Close Above 121.93......>

GILT TECHS
GILT TECHS: (M18) Bulls Need Close Above 121.93
*RES 4: 122.94 High May 4 
*RES 3: 122.76 Bollinger band top 
*RES 2: 122.50 High May 10 
*RES 1: 121.93 High May 21
*PREVIOUS CLOSE: 121.41
*SUP 1: 120.89 Low May 17 
*SUP 2: 120.69 Low Mar 21 
*SUP 3: 120.48 Low Feb 27
*SUP 4: 120.29 Low Feb 22
*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 (121.81-84) with
a close above 121.93 now needed to shift focus back to the upper end of the
defining 120.69-123.03 range. While 121.93 caps bears retain the advantage.
Overall a close below 120.69 is needed to end broad sideways trading to the
downside and initially target 119.29 Feb lows.

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