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(U18) Further Fall Currently Protected...>

GILT TECHS: (U18) Further Fall Currently Protected By 122.80 Support
*RES 4: 124.18 Hourly high May 29 
*RES 3: 123.84 Hourly recovery high May 29
*RES 2: 123.52/58 May 31 high. hourly recovery high May 30
*RES 1: 123.30/40 Hourly resistance
*PRICE: 123.08 @0805GMT 
*SUP 1: 122.80/81 May 31, May 29 lows
*SUP 2: 122.67 May 25 high, now support
*SUP 3: 122.32/34 Hourly base May 25, 50% of 120.01-124.67
*SUP 4: 121.77/79 May 24 high, 61.8% Fibo of 120.01-124.67
*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 122.80 so far, beneath Tuesday's opening level at 122.99. As a result,
nearest resistance falls to 123.30-123.58. Back above the latter and then still
has 123.84-124.18 in the way of a return to recent 124.67 high. Below 122.80 and
look to 122.67 and especially 122.32 next.

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