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(H18) Focus Returns to 124.10-124.05.....>

GILT TECHS
GILT TECHS: (H18) Focus Returns to 124.10-124.05 Support
*RES 4: 125.04 3 week falling resistance line
*RES 3: 124.95/96 Jan 8, Jan 3 highs
*RES 2: 124.73 Jan 9 high
*RES 1: 124.45/55 Hourly resistance
*PRICE: 124.18 @0853GMT 
*SUP 1: 124.05/10 76.4% 123.62-125.69, 61.8% 123.12-125.69
*SUP 2: 123.84 Equality fall from 125.42 to 125.69-124.11
*SUP 3: 123.73 76.4% Fibo of 123.12-125.69
*SUP 4: 123.62 Dec 8 low
*COMMENTARY* The key 124.05-124.10 support area back in the spotlight again,
having been challenged twice already within the last month. So far it has stood
up to the test but as yet any recovery has lacked the impetus of a break through
124.96-125.04 resistance. Will need to see levels back above here, before any
real confidence in the upside will be restored. Meanwhile, loss of 124.05 would
allow a further 123.84-123.73 fall next.

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