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(H18) Near Term Risk Is Still For........>

GILT TECHS
GILT TECHS: (H18) Near Term Risk Is Still For Lower 
*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: 120.97/99 Hourly resistance
*PRICE: 120.37 @0835GMT 
*SUP 1: 120.10 1.618 swing of 120.92-122.24
*SUP 2: 119.98 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* Consecutive failures to deal with 121.30-121.40 resistance have
eventually seen pressure return to the downside. The loss of 120.48 support
today, sees not much now before the initial swing target at 120.10. Any lower
and then there is congested support to deal with between the lower 1% volatility
band at 119.98 and second swing target at 119.77. Meanwhile, 120.97-120.99 now
forms an initial barrier to still important 121.33.

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