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(U18) 122.23-122.31 Break Would Allow....>

GILT TECHS
GILT TECHS: (U18) 122.23-122.31 Break Would Allow Better Correction 
*RES 4: 123.52 May 31 high
*RES 3: 123.00 Hourly recovery high Jun 1
*RES 2: 122.51/60 Jun 8 high, initial low Jun 5
*RES 1: 122.23/31 76.4% of 122.51-121.33, hourly highs Jun 8
*PRICE: 122.10 @0752GMT 
*SUP 1: 121.73/79 Jun 13 low, hourly support
*SUP 2: 121.55 Hourly congestion Jun 12
*SUP 3: 121.33 Jun 12 low
*SUP 4: 121.16 76.4% Fibo of 120.01-124.67
*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, just above the lower 1% volatility band at
120.91 today. As a result, has become oversold in the near term, the break above
121.92-121.96, allowing some respite, 122.23-122.31 now the bar to a higher
correction of losses from 124.67.

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