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(H18) Correcting After 125.01-125.08.....>

GILT TECHS
GILT TECHS: (H18) Correcting After 125.01-125.08 Caps Rise On Monday
*RES 4: 125.71 1.618 swing of 124.91-123.62
*RES 3: 125.62/65 76.4% Fibo of 126.60-122.44, 1% vol band
*RES 2: 125.33 1.618 swing of 125.08-124.67
*RES 1: 125.01/08 61.8% Fibo of 126.60-122.44, Dec 11 high
*PRICE: 124.81 @0930GMT 
*SUP 1: 124.52/67 Hourly support, Dec 12 low
*SUP 2: 124.35 Hourly congestion Dec 7
*SUP 3: 124.18 Hourly high Dec 8, now support
*SUP 4: 123.92/96 Previous highs/lows late Nov early Dec
*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 correcting gains from last Friday's
123.62 base, with 124.67-124.52 the immediate support and protection against a
deeper 124.35-123.92 fall. Will need back above 125.08 before this threat is
currently reduced and aim for 125.33-125.62 next.

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