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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: 122.12 Mar 16 high
*RES 3: 121.73/82 Mar 16 low, hourly high Mar 19
*RES 2: 121.55/60 Hourly congestion Mar 19-20
*RES 1: 121.25 Hourly resistance
*PRICE: 120.87 @1608GMT 
*SUP 1: 120.69 Intraday low 
*SUP 2: 120.53 Mar 6 low
*SUP 3: 120.31/37 1% vol band, 61.8% of 119.29-122.12
*SUP 4: 119.96 76.4% Fibo of 119.29-122.12
*COMMENTARY* A high of 122.12 last Friday, not sufficiently far enough through
122.01-122.02 resistance to feel comfortable. This compounded by some near term
overbought conditions. The subsequent loss of 121.64 support, the initial
warning of the threat of a deeper setback, exacerbated by today's break below
121.16-121.13. A low of 120.69 so far, with 120.53-120.31 more important below.
Back above 121.25 needed for near term relief.

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