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(M18) Recovery Benefits From Hold Of.....>

GILT TECHS: (M18) Recovery Benefits From Hold Of 120.72 Fibo Support
*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: 121.70/75 Hourly resistance
*PRICE: 121.66 @0737GMT 
*SUP 1: 121.35/37 Hourly support, initial rally high Apr 26
*SUP 2: 121.11 Hourly base Apr 26
*SUP 3: 120.94/97 Initial recovery highs Apr 25
*SUP 4: 120.72/73 61.8% Fibo of 119.29-123.03, Apr 5 low
*COMMENTARY* Support from above the 61.8% Fibo retrace level at 120.72 has held
firm this week, this at the top edge of what looked a decent band of support
above the lower 1% volatility band, at 120.34 by time today. In the interim,
resistance from 121.21-121.27 has been broken, generating upside interest,
furthered by clearance of 121.48. The 121.70-121.75 area is the next test to
overcome, 121.88-122.00 above. Support rises in the meantime to 121.35-121.11.

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