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(M18) Support On Dips Back To 55-DMA.....>

GILT TECHS
GILT TECHS: (M18) Support On Dips Back To 55-DMA
*RES 4: 123.07 Daily Bull channel top 
*RES 3: 122.39 100-DMA 
*RES 2: 122.30 Bollinger band top 
*RES 1: 122.26 High Mar 22
*PREVIOUS CLOSE: 122.14
*SUP 1: 121.41 55-DMA 
*SUP 2: 121.04 Low Mar 22 
*SUP 3: 120.69 Low Mar 21, Bollinger band base 
*SUP 4: 120.48 Low Feb 27
*COMMENTARY: Bulls have so far failed to challenge the 100-DMA with the contract
currently dipping back towards support emerging around the 21 & 55-DMAs. Bears
now look for a close below the 55-DMA to ease bullish pressure and below 120.69
to shift focus back to 119.29 Feb lows. While the 55-DMA supports bulls focus on
the close above the 100-DMA needed to pressure the daily bull channel top.

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