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(M18) Lacks Traction Below Bull..........>

GILT TECHS
GILT TECHS: (M18) Lacks Traction Below Bull Channel Base
*RES 4: 123.57 Low Dec 1 now resistance 
*RES 3: 123.03 High Apr 4 
*RES 2: 122.84 High Apr 11 
*RES 1: 122.11 21-DMA
*PREVIOUS CLOSE: 121.77
*SUP 1: 121.61 Daily Bull channel base off Feb low 
*SUP 2: 121.33 55-DMA 
*SUP 3: 121.20 Bollinger band base 
*SUP 4: 121.04 Low Mar 22
*COMMENTARY: Traction on the break of the daily bull channel base (121.67) off
Feb lows has so far been lacking with bears continue to look for a close below
the 55-DMA to confirm a break, hint at a move back to 119.29-83 and below 120.69
to confirm. Bulls need a close above the 21-DMA to gain breathing room and hint
at a bounce back to 122.84-123.03 where Apr highs so far are found.

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