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(M18) Further Gains Still Dependent On...>

GILT TECHS
GILT TECHS: (M18) Further Gains Still Dependent On Break Above 121.67 
*RES 4: 122.65 61.8% Fibo of 124.73-119.29
*RES 3: 122.54 1% volatility band
*RES 2: 122.01/02 50% Fibo of 124.73-119.29, Mar 2 high
*RES 1: 121.64/67 Mar 8 high, 76.4% Fibo of 122.02-120.53
*PRICE: 121.58 @0832GMT 
*SUP 1: 121.07/10 Hourly support
*SUP 2: 120.89 Mar 8 low
*SUP 3: 120.48/53 Feb 27, Mar 6 lows
*SUP 4: 120.29/33 Feb 22 low, 61.8% of 119.29-122.02
*COMMENTARY* Support from above 120.48 managed to contain the fall last week, a
low of 120.53 on Monday, before seeing a revival. This reached 121.64 on
Thursday, just shy of the break above 121.67 that is needed to put the topside
back in the driving seat. In the interim, support comes from between
121.10-121.07 but more importantly from Thursday's 120.89 low. Loss of the
latter would caution again.

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