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(H18) Recovery Falters At Dual 121.44....>

GILT TECHS: (H18) Recovery Falters At Dual 121.44 Resistance
*RES 4: 122.24/25 Feb 6 high, 38.2% Fibo of 125.69-120.13
*RES 3: 121.80/85 Congestion area Feb 6-Feb 7
*RES 2: 121.63/73 Feb 9 high, 76.4% Fibo of 122.23-120.13
*RES 1: 121.44 Feb 16 high, 23.6% Fibo of 125.69-120.13
*PRICE: 120.96 @0908GMT 
*SUP 1: 120.80/85 Hourly support
*SUP 2: 120.74 Feb 15 high, now support
*SUP 3: 120.45 Hourly base Feb 15
*SUP 4: 120.13 Feb 15 low
*COMMENTARY* Has continued to find support from above the lower 1% volatility
band throughout this year's fall. This has allowed some recovery from last
Thursday's 120.13 low and the subsequent move back through 121.05 and then
121.33 offers encouragement. That said, the rally has faltered at 121.44, a
23.6% Fibo level and needs a break here and then 121.73, before further recovery
hopes will grow. Support from 120.85-120.74 and more importantly 120.45.

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