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(U18) 121.40 Gives Way But 121.33........>

GILT TECHS
GILT TECHS: (U18) 121.40 Gives Way But 121.33 Holds The Fall So far
*RES 4: 122.51/60 Jun 8 high, initial low Jun 5
*RES 3: 122.31 Hourly highs Jun 8
*RES 2: 122.17 Hourly recovery high Jun 8
*RES 1: 121.92/96 Hourly resistance, hourly high Jun 8
*PRICE: 121.82 @1519GMT 
*SUP 1: 121.33 Jun 11 low
*SUP 2: 121.16 76.4% Fibo of 120.01-124.67
*SUP 3: 121.09/12 76.4% Fibo of 119.95-124.67, 1% vol band
*SUP 4: 120.80/89 May 3 low, 1.618 swing of 121.51-122.51
*COMMENTARY* Last week's base at 121.51 came under assault Monday, a low of
121.40, which has given way today, 121.33 seen so far. This the protection
against a further 121.16-121.09 fall, where two 76.4% Fibo retrace levels
reside, as does the lower 1% volatility band today. As a result, nearest
resistance falls to 121.92-121.96, back above the latter will provide some
respite, 122.17-122.31 then the bar to a 122.51-122.60 return.

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