(M18) A High Of 125.64 Seen Before.......>

GILT TECHS: (M18) A High Of 125.64 Seen Before Paring Back Gains

*RES 4: 125.64 Intraday high

*RES 3: 125.16 Initial intraday pullback, now resistance

*RES 2: 124.77 Intraday hourly high

*RES 1: 124.55 Hourly resistance

*PRICE: 124.53 @1545GMT 

*SUP 1: 123.94 Hourly support

*SUP 2: 123.77 Intraday low

*SUP 3: 123.65 May 25 high, now support

*SUP 4: 123.41 Hourly base May 25

*COMMENTARY* Has continued to post gains, reaching a high of 125.64 on the day,

before retreating given the overbought nature of near term studies. Has pulled

back to 123.77 so far, beneath the day's opening level at 123.96. As a result,

nearest resistance falls to 124.55-124.77. Back above the latter and then still

has 125.16 in the way of a return to the day's high. Below 123.77 and look to

123.65-123.41 next.