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(M18) Setback After Inconclusive Break...>

GILT TECHS
GILT TECHS: (M18) Setback After Inconclusive Break Above 122.01-122.02 
*RES 4: 122.73/79 1.618 swing 122.12-121.14, 1% vol band
*RES 3: 122.65 61.8% Fibo of 124.73-119.29
*RES 2: 122.12 Mar 16 high
*RES 1: 121.94 Mar 20 high
*PRICE: 121.38 @0805GMT 
*SUP 1: 121.13/16 Mar 9, Mar 19, Mar 12 lows
*SUP 2: 120.89 Mar 8 low 
*SUP 3: 120.53 Mar 6 low
*SUP 4: 120.36 1% volatility band
*COMMENTARY* A high of 122.12 last Friday, not sufficiently far enough through
the 122.01-122.02 resistance to feel comfortable as yet. This compounded by some
near term overbought conditions. The subsequent loss of 121.64 support, sees the
threat of a deeper setback, 121.16-121.13 still the area to watch. Meanwhile,
121.94 is resistance now ahead of 122.12, through which allows the 61.8% Fibo
retrace level at 122.65 and the upper 1% volatility band at 122.79.

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