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(Z17) 100-WMA Resistance Key This Week...>

GILT TECHS
GILT TECHS: (Z17) 100-WMA Resistance Key This Week
*RES 4: 125.49 55-DMA 
*RES 3: 125.27 100-WMA 
*RES 2: 125.00 High Oct 19 
*RES 1: 124.75 High Oct 20
*PREVIOUS CLOSE: 124.61
*SUP 1: 124.22 Low Oct 20 
*SUP 2: 124.08 21-DMA 
*SUP 3: 124.02 Low Oct 17 
*SUP 4: 123.46 Low Oct 13
*COMMENTARY: Hesitation around the 125.00 level last week took its toll Friday
with a sell-off that sees focus now on 124.02-08 where the 21-DMA is noted.
Bears need a close below 124.02 to confirm a break of the 21-DMA and shift focus
back to 123.12-46. Daily studies correcting from modestly O/B add weight to the
bearish case. Layers of resistance remain 124.75-125.27 with a close above
needed to pressure 55 & 100-DMAs (125.49-66).

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