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(M18) Hold Of 120.72 Fibo Support........>

GILT TECHS
GILT TECHS: (M18) Hold Of 120.72 Fibo Support Produces Recovery
*RES 4: 122.10/15 Apr 5 low, 61.8% Fibo of 123.03-120.73
*RES 3: 122.00 Apr 20 high
*RES 2: 121.88 50% Fibo of 123.03-120.73
*RES 1: 121.61/66 Hourly high Apr 20, 38.2% of 123.03-120.73
*PRICE: 121.41 @1535GMT 
*SUP 1: 120.90/00 Hourly support
*SUP 2: 120.72/73 61.8% Fibo of 119.29-123.03, Apr 5 low
*SUP 3: 120.64/69 1.618 swing of 121.48-122.84, Mar 21 low
*SUP 4: 120.37 1% volatility band
*COMMENTARY* Support from above the 61.8% Fibo retrace level at 120.72 has held
firm, this at the top edge of what looked a decent band of support above the
lower 1% volatility band, at 120.37 by time today. In the interim, resistance
from 121.21-121.27  has been broken, generating further upside interest, which
will be furthered by clearance of 121.42-121.48. Support rises in the meantime
to 121.00-120.90.

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