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(M18) Rally Aiming 123.05-123.58.........>

GILT TECHS: (M18) Rally Aiming 123.05-123.58 Return
*RES 4: 125.58 Dec 18 high
*RES 3: 125.03 38.2% Fibo of 132.97-120.13
*RES 2: 124.91 50% Fibo of 129.68-120.13
*RES 1: 124.81 2% volatility band
*PRICE: 124.80 @0811GMT 
*SUP 1: 124.15/25 Hourly support
*SUP 2: 123.96 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 today, opening above Friday's 123.65
high. At the time of writing is attempting to reach the 124.81-124.91 area next,
a combination of the upper 2% volatility band and a 50% Fibo retrace level. Any
higher and the longer term Fibo level at 125.03 is next. As a result, support
moves up to 124.25-124.15 ahead of the day's 123.96 low and then the gap to
Friday's 123.65 high. Above 125.03 and 125.58-125.87 is next target zone.

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