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(U18) 123.00 Break Allows A Greater......>

GILT TECHS
GILT TECHS: (U18) 123.00 Break Allows A Greater 123.30-123.39 Recovery
*RES 4: 123.88 76.4% Fibo of 124.67-121.33
*RES 3: 123.52 May 31 high
*RES 2: 123.39 1% vol band, 61.8% Fibo of 124.67-121.33
*RES 1: 123.30 1.618 swing of 122.92-122.31
*PRICE: 123.00 @0755GMT 
*SUP 1: 122.80 Jun 18 high, now support
*SUP 2: 122.60 Hourly support
*SUP 3: 122.44 Jun 18 low
*SUP 4: 122.25 Jun 13 high, now support
*COMMENTARY* A low of 121.33 last week, this being the protection against a
further 121.16-121.01 fall, where two 76.4% Fibo retrace levels reside. As a
result, became oversold in the near term, the subsequent break above
121.92-121.96, allowing initial respite, followed by the further move through
122.31. Now seeing 123.30-123.39 as possible and the next band of resistance to
this recovery. Support 122.80-122.60 and then more importantly 122.44.

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