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(M18) Falls After Inconclusive Break.....>

GILT TECHS
GILT TECHS: (M18) Falls After Inconclusive Break Above 122.01-122.02 
*RES 4: 122.65 61.8% Fibo of 124.73-119.29
*RES 3: 122.12 Mar 16 high
*RES 2: 121.89 Initial pullback low Mar 16, now resistance 
*RES 1: 121.73 Mar 16 low, now resistance
*PRICE: 121.30 @1332GMT 
*SUP 1: 121.13/16 Mar 9, Mar 12 lows
*SUP 2: 120.89 Mar 8 low 
*SUP 3: 120.53 Mar 6 low
*SUP 4: 120.25 1% volatility band
*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. The subsequent loss of 121.64 support, sees the
threat of a deeper setback, 121.16-121.13 now the area to watch. Meanwhile,
121.73-121.89 resistance now ahead of 122.12 and the 61.8% Fibo retrace level at
122.65 and the upper 1% volatility band at 122.72.

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