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(M18) Recovery Has 122.84 In Way Of......>

GILT TECHS
GILT TECHS: (M18) Recovery Has 122.84 In Way Of Further 123.03-123.09 Rise
*RES 4: 123.57 61.8% Fibo of 125.69-120.13
*RES 3: 123.09 1% volatility band
*RES 2: 123.03 Apr 4 high
*RES 1: 122.84 Apr 11,18 highs
*PRICE: 122.78 @0756GMT 
*SUP 1: 122.26 Initial recovery high May 3, now support
*SUP 2: 121.95 Minor congestion area May 2-3
*SUP 3: 121.70 May 3 low
*SUP 4: 121.49/50 Apr 26 high, Apr 27 low
*COMMENTARY* Having been held back by the 122.51 level on Tuesday, the ensuing
setback has been held at 121.70, just above then initial support from 121.60.
Thursday's subsequent rally has reclaimed ground back above 122.36 and also that
122.51 level. This now sees the Apr 11, Apr 18 highs at 122.84 as the next
potential barrier to cross, before another challenge to the 123.03 April high
and 1% volatility band at 123.09. Support now 122.26-121.95.

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