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(M18) Decline Heads Toward Decent........>

GILT TECHS: (M18) Decline Heads Toward Decent 120.72-120.42 Support
*RES 4: 122.00 Apr 20 high
*RES 3: 121.66 Hourly recovery high Apr 20
*RES 2: 121.42/48 Apr 24 high, Apr 17 low
*RES 1: 121.27 Hourly resistance
*PRICE: 120.85 @0755GMT 
*SUP 1: 120.72 61.8% Fibo of 119.29-123.03
*SUP 2: 120.64/69 1.618 swing of 121.48-122.84, Mar 21 low
*SUP 3: 120.42 1% volatility band
*SUP 4: 120.17 76.4% Fibo of 119.29-123.03
*COMMENTARY* With the failure to mount a challenge to initial 121.27 resistance,
today's open has again seen pressure resume towards the 61.8% Fibo retrace level
at 120.72. This at the top edge of what looks a decent band of support above the
lower 1% volatility band, at 120.42 by time today. Resistance for the time being
remains from 121.21-121.27, needing above the latter to generate further upside
interest and a run at 121.42-121.48 next. A break of the latter is key.

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