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(M18) Recovery Heads Toward 121.37.......>

GILT TECHS
GILT TECHS: (M18) Recovery Heads Toward 121.37 Fibo Resistance
*RES 4: 122.60 Jan 22 low, now resistance
*RES 3: 122.01 50% Fibo of 124.73-119.29
*RES 2: 121.53/55 Jan 30 high, 1% volatility band
*RES 1: 121.37 38.2% Fibo of 124.73-119.29
*PRICE: 121.11 @0825GMT 
*SUP 1: 120.82/84 Feb 21 high, hourly support
*SUP 2: 120.71 Feb 26 low
*SUP 3: 120.47 Feb 16 high, now support
*SUP 4: 120.29 Feb 22 low
*COMMENTARY* Has continued to find support from above the lower 1% volatility
band throughout this year's fall. This has allowed some further recovery from
this month's 119.29 low. Last Wednesday's move back through 120.47 was the
initial encouragement, followed by Friday's rally through 120.82. This means
thoughts can turn to 121.37-121.55 again. Support comes from 120.84-120.71, back
below the latter would disappoint. 

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