(M18) Rally Reaches Swing Target Of......>

GILT TECHS: (M18) Rally Reaches Swing Target Of Recent Fall

*RES 4: 123.45 76.4% Fibo of 124.73-119.29

*RES 3: 123.40 1% volatility band

*RES 2: 123.37 Jan 2 high

*RES 1: 123.00 1.618 swing of 122.12-120.69

*PRICE: 122.87 @0837GMT 

*SUP 1: 122.59 Hourly support

*SUP 2: 122.46 Hourly base Mar 28

*SUP 3: 122.12 Mar 16 high, now support

*SUP 4: 121.85 Congestion area Mar 23-27

*COMMENTARY* After reaching 122.93 last week, today has seen a run at the swing

target at 123.00. Has been held here so far, so while it caps, looking to 122.59

and especially 122.46 for support. Have to stay above the latter, in order to

retain recent upside momentum and avoid a deeper correction of gains seem from

the Mar 21 low at 120.69. Directly through 123.00 and then the 123.37-123.45

area becomes the next upside focus.