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(H18) Corrective Potential After.........>

GILT TECHS
GILT TECHS: (H18) Corrective Potential After 125.01-125.08 Caps
*RES 4: 125.71 1.618 swing of 124.91-123.62
*RES 3: 125.62 76.4% Fibo of 126.60-122.44
*RES 2: 125.52 1% volatility band
*RES 1: 125.01/08 Dec 11 high, 61.8% Fibo of 126.60-122.44
*PRICE: 124.81 @0946GMT 
*SUP 1: 124.52 Hourly support
*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. Now seemingly correcting gains from last Friday's
123.62 base, with 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.

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