(H18) Continued Fall Sees................>

GILT TECHS: (H18) Continued Fall Sees 123.18-123.12 As Next Support 

*RES 4: 124.50 Jan 11 high

*RES 3: 124.20/30 Hourly congestion Jan 10-11

*RES 2: 124.05 Jan 2 low, now resistance

*RES 1: 123.75/87 Hourly resistance, intraday hourly high

*PRICE: 123.64 @1545GMT 

*SUP 1: 123.18/26 1% volatility band, intraday low

*SUP 2: 123.12 Nov 30 low

*SUP 3: 122.73 1.618x 125.42-124.05 from 124.95

*SUP 4: 122.44 Oct 25 low

*COMMENTARY* The decline has continued apace today, breaking  below the 76.4%

Fibo retrace level at 123.73 and the Dec 8 low and swing target at 123.62. 

Below here and not much currently showing until the lower 1% volatility band at

123.18 by time today, just ahead of the Nov 30 low at 123.12. Has become

oversold in the near term, looking towards 123.75-123.87 for initial resistance,

the Jan 2 low at 124.05 a more formidable barrier higher.