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(H18) Rally Still Needing................>

GILT TECHS
GILT TECHS: (H18) Rally Still Needing 124.94-125.01 Break
*RES 4: 125.50/51 Nov 28 high, 1.618 swing of 124.60-123.12
*RES 3: 125.42 1.618 swing of 124.85-123.92, 1% vol band
*RES 2: 124.94/01 Nov 8 high, 61.8% Fibo of 126.60-122.44
*RES 1: 124.75 Intraday high
*PRICE: 124.44 @1636GMT 
*SUP 1: 124.15/17 Hourly support
*SUP 2: 123.92 Dec 4 low
*SUP 3: 123.77 Hourly pullback low Dec 1
*SUP 4: 123.50/55 Hourly congestion area Nov 29-30
*COMMENTARY* Another attempt to reach the Nov 8 high at 124.94 on Wednesday.
This and the 61.8% Fibo retrace level at 125.01 currently represent the next
barrier to the recovery seen from 123.12 this month. While capped here, then the
risk is for some correction, below the Dec 5 high at 124.41 and the
124.17-124.15 area becomes important. Loss of the latter would disappoint now.
Directly above 125.01 and the 125.42-125.62 region provides the next obstacle.

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