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(U18) 121.92-121.96 break Required For...>

GILT TECHS
GILT TECHS: (U18) 121.92-121.96 break Required For Better Correction 
*RES 4: 122.51/60 Jun 8 high, initial low Jun 5
*RES 3: 122.23/31 76.4% of 122.51-121.33, hourly highs Jun 8
*RES 2: 122.10/11 Initial pullback lows Jun 8, now res'tce
*RES 1: 121.92/96 Hourly resistance, hourly high Jun 8
*PRICE: 121.80 @0755GMT 
*SUP 1: 121.33 Jun 12 low
*SUP 2: 121.16 76.4% Fibo of 120.01-124.67
*SUP 3: 121.01/09 1% vol band, 76.4% Fibo of 119.95-124.67 
*SUP 4: 120.80/89 May 3 low, 1.618 swing of 121.51-122.51
*COMMENTARY* The former 121.51 low has come under assault this week, a low of
121.33 so far, this the protection against a further 121.16-121.01 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, 122.10-122.31 then the bar to a 122.51-122.60
return.

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