(H18) Retreats After Attempt To Retest...>

GILT TECHS: (H18) Retreats After Attempt To Retest The November High

*RES 4: 125.42 1.618 swing of 124.85-123.92, 1% vol band

*RES 3: 124.94 Nov 8 high

*RES 2: 124.85 Dec 1

*RES 1: 124.75 Hourly resistance

*PRICE: 124.65 @1302GMT 

*SUP 1: 124.41 Dec 5 high, now support

*SUP 2: 124.12/17 Hourly support

*SUP 3: 123.92 Dec 4 low

*SUP 4: 123.77 Hourly pullback low Dec 1

*COMMENTARY* Ended last month as it began, with a drop back to the 123.12-123.15

lows. On both occasions this kept support from above the 76.4% Fibo retrace

level at 123.03 intact. Gapped higher last Friday, and the moves through 124.30

and then 124.60 were further positives. The focus then on last month's 124.94

high. In the interim, became overbought as a result, so initial support moves up

to 124.41, below would see 124.17-124.12. Loss of the latter now would concern.