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GILT TECHS: (M18) Rally Reaches Toward Next 122.33 Target
*RES 4: 122.94 1% volatility band
*RES 3: 122.69 May 8 high
*RES 2: 122.46/50 76.4% of 122.94-120.89, May 10 high
*RES 1: 122.32/33 May 23 high, 1.618 swing of 121.93-121.28
*PRICE: 122.24 @0735GMT 
*SUP 1: 121.91/93 Hourly support, May 21 high
*SUP 2: 121.63/71 Opening gap May 22-May 23
*SUP 3: 120.45/50 Hourly congestion May 22
*SUP 4: 121.27/28 Initial rally high May 18, May 22 low
*COMMENTARY* The recovery continued on Monday, seeing a rise through the May 16
high at 121.74 and a challenge to the slightly higher 121.91-121.93 area. Became
overbought as a result, support from above 121.27 then holding the fall on
Tuesday. Wednesday's fresh move higher has surpassed 122.15-122.16, leaving
122.33 as the next level to watch, before 122.46-122.50. Nearest support now
from that 121.93-121.91, loss would open the way for some correction. 

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