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(H18) Below 123.15 Initially Targets.....>

GILT TECHS: (H18) Below 123.15 Initially Targets Oct Low
*RES 4: 124.60 High Nov 28 
*RES 3: 124.18 Low Nov 27 now resistance 
*RES 2: 123.89 High Nov 29 
*RES 1: 123.54 55-DMA
*SUP 1: 123.29 Low Nov 29 
*SUP 2: 123.27 Bollinger band base 
*SUP 3: 123.15 Low Nov 20 
*SUP 4: 122.44 Monthly Low Oct 25
*COMMENTARY: The correction lower from 124.60 continues with closes below the
55-DMA and bull channel base ending bearish hopes and seeing pressure back on
the 123.15 support. Bears need a close below this level to confirm focus on
tests of the 122.44 Oct monthly low. Daily studies are well placed for further
downside. Bulls now need a close above 123.89 to ease bearish pressure and above
124.18 to shift focus back to 124.60-94.

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