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(H18) Below 123.62 Targets 122.44 *RES...>

GILT TECHS: (H18) Below 123.62 Targets 122.44
*RES 4: 125.41 High Dec 27 
*RES 3: 124.96 High Jan 3 & 8 
*RES 2: 124.50 High Jan 11 
*RES 1: 124.13 Hourly support Jan 11 now resistance
*SUP 1: 123.80 Low Jan 11 
*SUP 2: 123.62 Low Dec 8 
*SUP 3: 123.12 Monthly Low Nov 30 
*SUP 4: 122.44 Monthly Low Oct 25
*COMMENTARY: The correction lower from 125.41 sees focus back on the 123.62
support as the contract flirts with the bull channel base and Bollinger base
(123.87). Bears look for a close below 123.62 to confirm a break of the bull
channel base and to shift overall focus to tests of 122.44 Oct lows. Bulls still
need a close above 124.50 to gain breathing room and above 124.96 to shift focus
back to 125.41-69.

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