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GILT TECHS
GILT TECHS: (H0) Testing Key Near-Term Resistance
*RES 4: 135.11 High Feb 3
*RES 3: 134.98 76.4% retracement of the Jan 30 - Feb 13 decline
*RES 2: 134.64 61.8% retracement of the Jan 30 - Feb 13 decline
*RES 1: 134.60 High Feb 10 / 20 and key near-term resistance
*PRICE: 134.49 @ Close Feb 21
*SUP 1: 133.91 Low Feb 20
*SUP 2: 133.57 Low Feb 19
*SUP 3: 133.22 Low Feb 13 and key near-term support
*SUP 4: 133.04 Low Jan 21
Gilts traded higher Friday ending the week on a firmer note and reaching a high
of 134.60 that also marks the high from Feb 10. This increases the importance of
134.60 as a resistance going forward, with the 61.8% Fibonacci retracement of
the Jan 30 - Feb 13 decline at 134.64. A break above this resistance area would
pave the way for a stronger recovery and open 134.98 next, the 76.4% level.
Support to watch for now lies at Thursday's 133.91 low.

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