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(M18) Break Above 121.67 Brings..........>

GILT TECHS
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: 121.84 @0845GMT 
*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 remains 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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