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(M18) Recovery Faces 121.55-121.78.......>

GILT TECHS: (M18) Recovery Faces 121.55-121.78 Resistance
*RES 4: 122.12 Mar 16 high
*RES 3: 121.94 Mar 20 high
*RES 2: 121.73/78 Mar 16 low, 76.4% of 122.12-120.69
*RES 1: 121.55/60 Hourly congestion Mar 19-20, 61.8% Fibo
*PRICE: 121.27 @0823GMT 
*SUP 1: 120.90/00 Hourly support
*SUP 2: 120.69 Mar 21 low 
*SUP 3: 120.53 Mar 6 low
*SUP 4: 120.31/37 1% vol band, 61.8% of 119.29-122.12
*COMMENTARY* Has recovered somewhat from the week's fall to a low of 120.69 on
Wednesday, as we gave back some of the previous 119.29-122.12 gains. Has opened
with a high of 121.49, as we reach toward the congested 121.55-121.60 area,
which also includes the 61.8% Fibo retrace level at 121.57. Any higher and look
for a further 121.73-121.78 rise next. Support initially from 121.00-120.90,
loss of the latter will caution and expose 120.69-120.53 again.

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