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(M18) Support from 122.00-121.95.........>

GILT TECHS
GILT TECHS: (M18) Support from 122.00-121.95 Becomes Pivotal In Near Term
*RES 4: 123.03 Apr 4 high
*RES 3: 122.94 May 4 high
*RES 2: 122.69 Intraday high
*RES 1: 122.47 May 4 low, now resistance
*PRICE: 122.08 @1612GMT 
*SUP 1: 121.95/00 Congestion area May 2-3
*SUP 2: 121.70 May 3 low
*SUP 3: 121.49/50 Apr 26 high, Apr 27 low
*SUP 4: 121.11/20 Hourly basing area Apr 26
*COMMENTARY* Having been held back by the 122.51 level last Tuesday, the ensuing
setback found a base at 121.70. Thursday's subsequent rally reclaimed ground
back above 122.36 and also that 122.51 level. This now sees Friday's 122.94 high
as resistance, ahead of another potential challenge to the 123.03 April high.
Support from 122.45-122.18 has been lost today but only back beneath 121.95
would currently unsettle things.

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