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(M18) Correcting After Struggle With.....>

GILT TECHS: (M18) Correcting After Struggle With 123.00 Swing Target 
*RES 4: 123.45 76.4% Fibo of 124.73-119.29
*RES 3: 123.37 Jan 2 high
*RES 2: 123.00/03 1.618 swing of 122.12-120.69, Apr 4 high
*RES 1: 122.70/80 Hourly resistance
*PRICE: 122.43 @1538GMT 
*SUP 1: 122.10/12 Apr 5 low, Mar 16 high
*SUP 2: 121.85 Congestion area Mar 23-27
*SUP 3: 121.44/49 Initial high Mar 22, Mar 23 low
*SUP 4: 121.24 76.4% Fibo of 120.69-123.03
*COMMENTARY* Another attempt this week to break through the swing target at
123.00, a high of 123.03 on Wednesday before once again submitting to near term
overbought conditions. The subsequent loss of 122.59-122.46 support has seen
recent upside momentum lost and opening the possibility of a deeper correction
of gains seem from the Mar 21 low at 120.69. Nearest resistance now
122.70-122.80, need back above the latter to avoid a 122.12-121.85 fall next.

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