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(M18) Correction Continues,..............>

GILT TECHS
GILT TECHS: (M18) Correction Continues, 121.44-121.24 Next Support
*RES 4: 122.65 Apr 3 low, now resistance
*RES 3: 122.49 Apr 6 high
*RES 2: 122.10/13 Apr 5 low, Apr 13 high
*RES 1: 121.88/98 Hourly resistance
*PRICE: 121.53 @0744GMT 
*SUP 1: 121.44/49 Initial high Mar 22, Mar 23 low
*SUP 2: 121.34 1.618 projection target from 122.84
*SUP 3: 121.24 76.4% Fibo of 120.69-123.03
*SUP 4: 120.96 1% volatility band
*COMMENTARY* Another attempt early this month to break through the swing target
at 123.00, a high of 123.03 on Apr 4 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. Now looking to 121.44-121.24 for
next support. Nearest resistance drops to 121.88-122.13.

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