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(U18) 100-DMA Support Key This Week......>

GILT TECHS
GILT TECHS: (U18) 100-DMA Support Key This Week
*RES 4: 123.17 High June 1 
*RES 3: 122.51 High June 8 
*RES 2: 122.00 Hourly support June 8 now resistance 
*RES 1: 121.81 High June 11
*PREVIOUS CLOSE: 121.68
*SUP 1: 121.35 55-DMA 
*SUP 2: 120.95 100-DMA 
*SUP 3: 119.95 Monthly Low Apr 23 
*SUP 4: 119.61 Bollinger band base
*COMMENTARY: Despite bouncing from ahead of the 55-DMA, topside follow through
was lacking Friday leaving the contract looking offered. The 100-DMA is key
support this week. Bears need a close below the 100-DMA to confirm a break of
the 55-DMA and to confirm immediate focus on 119.95 Apr lows. Bulls now need a
close above 121.81 to gain breathing room and above 123.17 to return immediate
focus to 2018 highs.

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