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(H18) Recovery Falters Within............>

GILT TECHS
GILT TECHS: (H18) Recovery Falters Within Congested 121.80-85 Area
*RES 4: 122.44 Oct 25 low, now resistance
*RES 3: 122.33 1% volatility band
*RES 2: 122.24/25 Feb 6 high, 38.2% Fibo of 125.69-120.13
*RES 1: 121.80/85 Congestion area Feb 6-Feb 7
*PRICE: 121.66 @1620GMT 
*SUP 1: 121.05/15 Hourly support
*SUP 2: 120.74/81 Feb 15 high, Feb 20 low
*SUP 3: 120.51 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 Wednesday's move back through 121.44 offers further
encouragement. Now needs to sustain a break through the congested 121.80-121.85
area before thoughts can turn to 122.24-122.33 again. Support comes from
121.15-121.05 and then more importantly 120.81-120.74. Loss would disappoint. 

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