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(U18) 123.05-122.81 Protects Against.....>

GILT TECHS
GILT TECHS: (U18) 123.05-122.81 Protects Against Fresh Fall
*RES 4: 124.67 May 29 high
*RES 3: 124.11/18 2% volatility band, hourly high May 29
*RES 2: 123.84 Hourly recovery high May 29
*RES 1: 123.55/65 Hourly resistance
*PRICE: 123.09 @1535GMT 
*SUP 1: 123.05 Hourly support
*SUP 2: 122.81 May 29 low
*SUP 3: 122.67 May 25 high, now support
*SUP 4: 122.32 Hourly base May 25
*COMMENTARY* Continued to post gains, reaching a high of 124.67 on Tuesday,
before retreating given the overbought nature of near term studies. Has pulled
back to 122.81 so far, beneath yesterday's opening level at 122.99. As a result,
nearest resistance falls to 123.55-123.84. Back above the latter and then still
has 124.11-124.18 in the way of a return to yesterday's high. Support 123.05 but
below 122.81 and look to 122.67-122.32 next.

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