(H18) Enters 123.73-123.62 Support.......>

GILT TECHS: (H18) Enters 123.73-123.62 Support Area

*RES 4: 124.95 Jan 8, Jan 3 highs, 3 week falling res line 

*RES 3: 124.73 Jan 9 high

*RES 2: 124.50 Jan 11 high

*RES 1: 124.20/30 Hourly resistance

*PRICE: 123.85 @0904GMT 

*SUP 1: 123.69/73 Intraday low, 76.4% Fibo of 123.12-125.69

*SUP 2: 123.62 Dec 8 low, 1.618 swing of 123.95-124.50

*SUP 3: 123.19 1% volatility band

*SUP 4: 123.12 Nov 30 low

*COMMENTARY* The decline has continued, reaching and breaking slightly below the

76.4% Fibo retrace level at 123.73 but for the time being remaining above the

Dec 8 low and swing target at 123.62. While held here, look to 124.20-124.30 for

initial resistance, any move higher would alleviate immediate downside pressure

and allow a return towards yesterday's 124.50 high. A  clear loss of 123.62 and

not much currently showing until the lower 1% volatility band.