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(Z17) 125.21 Resistance Key This Week....>

GILT TECHS
GILT TECHS: (Z17) 125.21 Resistance Key This Week
*RES 4: 125.51 55-DMA 
*RES 3: 125.21 100-WMA 
*RES 2: 125.00 High Oct 19 
*RES 1: 124.75 High Oct 20
*PREVIOUS CLOSE: 124.37
*SUP 1: 124.22 Low Oct 20 
*SUP 2: 124.04 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 leaves the contract looking a little heavy and focus now on
124.02-04. Bears now 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 124.75-125.21 with a
close above needed to pressure 55 & 100-DMAs (125.51-68).

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