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(M18) Consolidating After Last Week's....>

GILT TECHS
GILT TECHS: (M18) Consolidating After Last Week's 122.26 High
*RES 4: 123.00 1.618 swing of 122.12-120.69
*RES 3: 122.94 1% volatility band
*RES 2: 122.65 61.8% Fibo of 124.73-119.29
*RES 1: 122.26 Mar 22 high
*PRICE: 122.14 @1710GMT 
*SUP 1: 121.60/70 Hourly support
*SUP 2: 121.44 Mar 23 low
*SUP 3: 121.30 Hourly congestion area Mar 22
*SUP 4: 121.04/09 Initial recovery high Mar 21, Mar 22 low
*COMMENTARY* Recovered well from last week's fall to a low of 120.69 on
Wednesday, so much so, that we have seen a fresh 122.26 high, as the previous
122.12 resistance level gave way. Currently in consolidation mode, so
anticipating support initially from around 121.70-121.60 and then 121.49-121.44.
Loss would disappoint and suggest scope for a deeper 121.30-121.04 fall. In the
interim, back above 122.26 and look towards 122.65 next, 122.94-123.00 above.

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