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(M18) Topside Hesitation, 122.26.........>

GILT TECHS
GILT TECHS: (M18) Topside Hesitation, 122.26 Support Key
*RES 4: 124.11 Low Dec 21 now resistance 
*RES 3: 123.57 Low Dec 1 now resistance 
*RES 2: 123.30 Daily Bull channel top 
*RES 1: 123.03 High Apr 4
*PREVIOUS CLOSE: 122.72
*SUP 1: 122.26 High Mar 22 now support 
*SUP 2: 121.79 21-DMA 
*SUP 3: 121.39 55-DMA 
*SUP 4: 121.04 Low Mar 22
*COMMENTARY: Bulls finally managed a close above the 100-DMA (122.36) last week
that added support to the bullish case for tests of the daily bull channel top
coming in around 123.30 today. Overall bulls now need a close above 124.11 to
target 125.60-126.07 where 55 & 100-WMAs are situated. Bears continue to look
for a close below 122.26 to ease bullish pressure and hint at a correction back
to 21 & 55-DMAs.

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