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(H18) Fresh Fall Has 123.84-123.62.......>

GILT TECHS: (H18) Fresh Fall Has 123.84-123.62 Within Sight
*RES 4: 124.95/00 Jan 8, Jan 3 highs, 3 week falling res line 
*RES 3: 124.73 Jan 9 high
*RES 2: 124.50 Intraday high
*RES 1: 124.25/35 Hourly resistance
*PRICE: 123.96 @1515GMT 
*SUP 1: 123.84 Equality fall from 125.42 to 125.69-124.11
*SUP 2: 123.73 76.4% Fibo of 123.12-125.69
*SUP 3: 123.62 Dec 8 low, 1.618 swing of 123.95-124.50
*SUP 4: 123.32 1% volatility band
*COMMENTARY* The key 124.05 support area was back in the spotlight on Wednesday,
wobbling slightly, allowing a dip to 123.95, midway between the next support of
note from the equality fall target at 123.84 but as yet above the next Fibo
retrace level at 123.73. Failure to move back above 124.55 has not helped today,
once again putting the focus back on those previously mentioned supports and
perhaps 123.62. As a result, 124.25-124.35 now provides initial resistance.

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