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(M18) Recovery Now Meets 122.49..........>

GILT TECHS
GILT TECHS: (M18) Recovery Now Meets 122.49 Resistance
*RES 4: 123.03 Apr 4 high
*RES 3: 122.90 1% volatility band
*RES 2: 122.84 Apr 11,18 highs
*RES 1: 122.49 76.4% Fibo of 123.03-120.73
*PRICE: 122.26 @1545GMT 
*SUP 1: 121.75/85 Hourly support
*SUP 2: 121.60 Hourly base Apr 27
*SUP 3: 121.37 Hourly high Apr 26, now support
*SUP 4: 121.11 Hourly pullback low Apr 26
*COMMENTARY* Support from above the 61.8% Fibo retrace level at 120.72 held firm
all last week, this at the top edge of what looked a decent band of support
above the lower 1% volatility band, at 120.41 by time today. In the interim,
resistance from 121.21-121.27 has been broken, generating upside interest,
furthered again by clearance of 121.48. With 122.15 now overcome, focus centres
on 122.49 next. Nearest support meanwhile up to 121.85-121.60.

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