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Free Access(M18) Hesitating Ahead Of Apr High.......>
GILT TECHS: (M18) Hesitating Ahead Of Apr High
*RES 4: 123.57 Low Dec 1 now resistance
*RES 3: 123.03 High Apr 4
*RES 2: 122.94 High May 4
*RES 1: 122.90 Bollinger band top
*PREVIOUS CLOSE: 122.56
*SUP 1: 122.06 100-DMA
*SUP 2: 121.67 55-DMA
*SUP 3: 121.07 Low Mar 26
*SUP 4: 120.69 Low Mar 21
*COMMENTARY: The contract continues to trade sideways in a broad 120.69-123.03
range. Rejection ahead of the top of this range leaves the contract looking
heavy and risks a move back to 120.69. Bears need a close below the 100-DMA to
ease bullish pressure and below 121.49 to confirm focus on 120.69. Below 120.69
is needed to confirm focus on 119.29 Feb lows. Bulls need a close above 123.03
to initially target 123.78.
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Why MNI
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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.