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(M18) Hesitating Ahead Of Apr High.......>

GILT TECHS
GILT TECHS: (M18) Hesitating Ahead Of Apr High
*RES 4: 123.57 Low Dec 1 now resistance 
*RES 3: 123.03 High Apr 4 
*RES 2: 122.96 Bollinger band top 
*RES 1: 122.94 High May 4
*PREVIOUS CLOSE: 122.56
*SUP 1: 122.08 Hourly resistance May 2 now support 
*SUP 2: 121.58 55-DMA 
*SUP 3: 121.07 Low Mar 26 
*SUP 4: 120.69 Low Mar 21
*COMMENTARY: Support emerging on dips back towards the 55-DMA adds to bullish
confidence with immediate focus back on the 123.03 resistance. Bulls look for a
close above this level to initially target the daily bull channel top around
123.75. Daily studies approaching O/B are a concern for bulls. In saying that,
the 55-DMA support remains key with bears needing a close below to ease bullish
pressure and shift initial focus back to 120.69.

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