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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: 121.86 High June 12
*PREVIOUS CLOSE: 121.70
*SUP 1: 121.40 55-DMA 
*SUP 2: 120.94 100-DMA 
*SUP 3: 119.95 Monthly Low Apr 23 
*SUP 4: 119.65 Bollinger band base
*COMMENTARY: A marginal dip below the 55-DMA lacked follow through Tuesday with
hesitation around the 55-DMA less than ideal. 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
121.86 to gain breathing room and above 123.17 to return immediate focus to 2018
highs.

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