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Free Access(M18) Break Above 121.67 Brings..........>
GILT TECHS: (M18) Break Above 121.67 Brings 122.01-122.02 To The Fore
*RES 4: 122.94 1.618 swing of 122.02-120.53
*RES 3: 122.65 61.8% Fibo of 124.73-119.29
*RES 2: 122.57 1% volatility band
*RES 1: 122.01/02 50% Fibo of 124.73-119.29, Mar 2 high
*PRICE: 121.94 @1615GMT
*SUP 1: 121.64/65 Mar 8, Mar 13 highs, now support
*SUP 2: 121.41 Mar 7 high, now support
*SUP 3: 121.13/16 Mar 9, Mar 12 lows
*SUP 4: 120.89 Mar 8 low
*COMMENTARY* Have now seen the break above 121.67 that was needed to put the
topside back in the driving seat. As a consequence, attention once again
switches to 122.01-122.02 resistance. This the next potential stumbling block to
a further 122.65-122.94 rise. In the interim, support also on the rise,
initially from the Mar 8-Mar 13 highs at 121.64-121.65 and then more importantly
121.41 below.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.