(H18) Correction Continues After.........>

GILT TECHS: (H18) Correction Continues After 124.91 Caps Rise 

*RES 4: 124.94/01 Nov 8 high, 61.8% Fibo of 126.60-122.44

*RES 3: 124.61 Hourly recovery high Dec 7

*RES 2: 124.45 Hourly congestion

*RES 1: 124.15/22 Hourly resistance, Dec 7 low

*PRICE: 123.76 @0845GMT 

*SUP 1: 123.70/77 Intraday low, hourly pullback low Dec 1

*SUP 2: 123.50/55 Hourly congestion area Nov 29-30

*SUP 3: 123.12 Nov 30 low

*SUP 4: 123.03 76.4% Fibo of 122.44-124.94

*COMMENTARY* Another attempt to reach the Nov 8 high at 124.94 on Wednesday.

This and the 61.8% Fibo retrace level at 125.01 have proved a bridge too far,

for the recovery seen from this month's 123.12 low. While capped here, then the

risk was for some correction. The gap open below 124.15 today has already seen a

123.70 fall, with the 123.50-55 area to provide a sterner test below. Loss would

concern and send us back to 123.12-123.03. Resistance between 124.15-124.61.