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(H18) Dual Fibo Support From 124.10......>

GILT TECHS
GILT TECHS: (H18) Dual Fibo Support From 124.10 Holding Up So Far
*RES 4: 125.37/43 Previous basing area Dec 15-18, now res'tce
*RES 3: 125.08 Dec 11 high
*RES 2: 124.85 Dec 20 high
*RES 1: 124.56 Hourly resistance
*PRICE: 124.50 @1022GMT 
*SUP 1: 124.10 76.4% of 123.62-125.69, 61.8% of 123.12-125.69
*SUP 2: 123.73 76.4% Fibo of 123.12-125.69
*SUP 3: 123.62 Dec 8 low, 1% volatility band
*SUP 4: 123.12 Sep 28 low
*COMMENTARY* Continues to tumble, now heading towards a test of dual Fibo
support in the 124.10 area. This provides the potential for some stability, else
the possibility of extending the decline into the next band of support from
between 123.73-123.62. As a result, resistance also falls, likely needing a move
back above 124.56 before any chance of seeing a near term recovery and some
correction of this week's losses from 125.69.
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