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(M18) 121.16 Gives Way And Leaves Way....>

GILT TECHS
GILT TECHS: (M18) 121.16 Gives Way And Leaves Way Clear For 120.72-120.64 
*RES 4: 122.84 Apr 11, Apr 18 highs
*RES 3: 122.49 Apr 6 high
*RES 2: 122.00 Apr 20 high
*RES 1: 121.65/75 Hourly resistance
*PRICE: 121.16 @1628GMT 
*SUP 1: 120.95 Hourly support
*SUP 2: 120.72 61.8% Fibo of 119.29-123.03
*SUP 3: 120.68/69 1% volatility band, Mar 21 low
*SUP 4: 120.64 1.618 swing of 121.48-122.84
*COMMENTARY* The 50% Fibo retrace level at 121.16 has come under assault today,
a low of 121.03 at the time of writing, just ahead of hourly support now evident
around 120.95. Any lower and the 120.72-120.64 region looks to offer decent
support next. In the meantime, resistance falls to 121.65-121.75, back above the
latter would assist but Friday's 122.00 high the tougher ask higher. Lose 120.64
and not much until 120.36-120.17.

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