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(M18) Break Above 122.01-122.02 Not......>

GILT TECHS
GILT TECHS: (M18) Break Above 122.01-122.02 Not Yet Conclusive
*RES 4: 122.94 1.618 swing of 122.02-120.53
*RES 3: 122.72 1% volatility band
*RES 2: 122.65 61.8% Fibo of 124.73-119.29
*RES 1: 122.12 Mar 16 high
*PRICE: 121.75 @0832GMT 
*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* A high of 122.12 on Friday, not sufficiently far enough through the
122.01-122.02 resistance to feel comfortable as yet. This compounded by some
near term overbought conditions. Eyes therefore are on 121.64 support, a hold
here needed to avoid the threat of a deeper setback, 121.41 then protecting
121.16-121.13. Meanwhile, above 122.12 and the 61.8% Fibo retrace level at
122.65 and the upper 1% volatility band at 122.72, offer next targets.

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