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(H18) 125.08 Break Targets...............>

GILT TECHS
GILT TECHS: (H18) 125.08 Break Targets 125.44-125.62 Next
*RES 4: 125.85 1% volatility band
*RES 3: 125.71 1.618 swing of 124.91-123.62
*RES 2: 125.62 76.4% Fibo of 126.60-122.44
*RES 1: 125.44 1.618 swing of 125.08-124.49
*PRICE: 125.32 @1733GMT 
*SUP 1: 124.95/00 Dec 13 high, hourly support
*SUP 2: 124.69/72 Initial recovery high Dec 13, intraday low
*SUP 3: 124.49 Dec 13 low
*SUP 4: 124.23 Dec 8 high, now support
*COMMENTARY* Squeezed above the 61.8% Fibo retrace level at 125.01 on Monday but
rally was not long lasting, a high of 125.08 before giving way to some
overbought hourly conditions. Subsequently corrected gains from last Friday's
123.62 base, with support found from 124.49 on Wednesday. Fresh rally has broken
above 125.08 and now targets 125.44-125.62 next. Meanwhile, 125.00-124.95
provides initial support.

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