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(M18) Remains Supported Around 21-DMA....>

GILT TECHS
GILT TECHS: (M18) Remains Supported Around 21-DMA
*RES 4: 122.23 55-DMA 
*RES 3: 121.55 High Jan 30 
*RES 2: 121.40 TL off Feb 14 high 
*RES 1: 121.25 High Feb 27
*PREVIOUS CLOSE: 121.20
*SUP 1: 120.46 21-DMA 
*SUP 2: 120.29 Low Feb 22 
*SUP 3: 119.83 Low Feb 20 
*SUP 4: 119.29 Monthly Low Feb 15
*COMMENTARY: Bears have so far failed to capitalise on the minor bearish key day
reversal Tuesday with bulls taking comfort in support emerging around the
21-DMA. Bears continue to look for a close below 120.29 to confirm an easing of
bullish pressure and return initial focus to 119.29 Feb lows. Bulls still need a
close above 121.55 to add support to the case for a move targeting 55 & 100-DMAs
122.23-57.

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