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(U18) 123.47 Back In The Spotlight.......>

GILT TECHS
GILT TECHS: (U18) 123.47 Back In The Spotlight
*RES 4: 124.59 1% volatility band
*RES 3: 124.27 Jul 20 high
*RES 2: 124.09 Initial pullback low Jul 20, now resistance
*RES 1: 123.84/90 Hourly resistance
*PRICE: 123.53 @0741GMT 
*SUP 1: 123.41/47 Intraday low, Jul 19 low
*SUP 2: 123.15/19 38.2% 121.33-124.27, 76.4% 122.85-124.27
*SUP 3: 122.85 Jul 16 low
*SUP 4: 122.76/80 Jul 9 low, 50% Fibo of 121.33-124.27
*COMMENTARY* Last week finally broke through resistance from the 123.49 level
which had capped rallies all month long. A quick rise to 124.27 followed, before
suffering a near term setback on Friday. As a result, attention has once again
turned to 123.47 but this time for support. Sustained move lower and the
123.19-123.15 area then becomes pivotal to direction. In the meantime,
123.84-123.90 bars the way to a 124.09-124.27 revival.

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