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(H18) 124.05 Support Wobbles But.........>

GILT TECHS
GILT TECHS: (H18) 124.05 Support Wobbles But 123.95 Holds The Fall
*RES 4: 125.42 Dec 27 high
*RES 3: 124.95/00 Jan 8, Jan 3 highs, 3 week falling res line 
*RES 2: 124.73 Jan 9 high
*RES 1: 124.55 Hourly resistance
*PRICE: 124.43 @0905GMT 
*SUP 1: 123.95/05 Jan 10, Jan 2 lows
*SUP 2: 123.84 Equality fall from 125.42 to 125.69-124.11
*SUP 3: 123.73 76.4% Fibo of 123.12-125.69
*SUP 4: 123.62 Dec 8 low
*COMMENTARY* The key 124.05 support area was back in the spotlight on Wednesday,
wobbling slightly, allowing a dip to 123.95, midway between the next support of
note from the equality fall target at 123.84 but as yet above the next Fibo
retrace level at 123.73. Oversold near term and as a consequence, nearest
resistance now comes from 124.55-124.73 but the 124.95-125.00 area currently
presents a tougher barrier higher.

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