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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: 122.94 High May 4 
*RES 1: 122.90 Bollinger band top
*PREVIOUS CLOSE: 122.56
*SUP 1: 122.06 100-DMA 
*SUP 2: 121.67 55-DMA 
*SUP 3: 121.07 Low Mar 26 
*SUP 4: 120.69 Low Mar 21
*COMMENTARY: The contract continues to trade sideways in a broad 120.69-123.03
range. Rejection ahead of the top of this range leaves the contract looking
heavy and risks a move back to 120.69. Bears need a close below the 100-DMA to
ease bullish pressure and below 121.49 to confirm focus on 120.69. Below 120.69
is needed to confirm focus on 119.29 Feb lows. Bulls need a close above 123.03
to initially target 123.78.

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