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(H18) 121.05-121.33 The Bar To Further...>

GILT TECHS: (H18) 121.05-121.33 The Bar To Further Recovery Potential
*RES 4: 121.80/85 Congestion area Feb 6-Feb 7
*RES 3: 121.63 Feb 9 high
*RES 2: 121.33 Feb 13 high
*RES 1: 120.90/05 Hourly resistance
*PRICE: 120.83 @0910GMT 
*SUP 1: 120.10/13 1.618 swing of 120.92-122.24, Feb 15 low
*SUP 2: 119.93 1% volatility band
*SUP 3: 119.87 Equality fall target from 121.63
*SUP 4: 119.77 1.618 swing of 120.48-121.63
*COMMENTARY* Has continued to find support off and from slightly above the lower
1% volatility band throughout this year's fall. This is at 119.93 by time today
and with the bounce from the swing target at 120.10 and near term studies
oversold, is perhaps best placed to make some kind of a recovery. How much
however, will depend ultimately on the reaction to 121.05 initially and 121.33
more importantly above. 

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