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(H18) Back Challenging Toward............>

GILT TECHS
GILT TECHS: (H18) Back Challenging Toward 124.91-125.01 Resistance
*RES 4: 125.62 76.4% Fibo of 126.60-122.44
*RES 3: 125.42 1% volatility band
*RES 2: 125.01 61.8% Fibo of 126.60-122.44
*RES 1: 124.91/94 Dec 6, Nov 8 highs
*PRICE: 124.85 @1238GMT 
*SUP 1: 124.22 Hourly support
*SUP 2: 123.90 Hourly base Dec 8
*SUP 3: 123.62 Dec 8 low
*SUP 4: 123.50/55 Congestion area Nov 29-30
*COMMENTARY* Another attempt to reach the Nov 8 high at 124.94 last week. This
and the 61.8% Fibo retrace level at 125.01 have so far proved tough to break, in
the recovery seen from this month's 123.12 low. While capped here, then the risk
is for some correction. Initial support now from 124.22-123.90, only a loss of
the latter would caution at present. Above 125.01 and the 1% volatility band is
the bar to 125.62.

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