(U18) Rally Back On As 123.19............>

GILT TECHS: (U18) Rally Back On As 123.19 Resistance Fades

*RES 4: 123.88 76.4% Fibo of 124.67-121.33

*RES 3: 123.75 1.618 swing of 123.19-122.28

*RES 2: 123.52 May 31 high

*RES 1: 123.39 61.8% Fibo of 124.67-121.33

*PRICE: 123.23 @0804GMT 

*SUP 1: 122.73 Hourly support

*SUP 2: 122.51/55 Jun 8 high, Jun 22 low

*SUP 3: 122.25/28 Jun 13 high, Jun 21 low

*SUP 4: 121.73 Jun 13 low

*COMMENTARY* Last Tuesday's 123.19 high being challenged early today, through

and look for a test into the 61.8 Fibo resistance at 123.39 next. In the

meantime, after 122.55-122.51 has survived attention this week, support has

risen to 122.73 and only back below here will raise near term concerns again.

Above 123.39 and the May 31 high at 123.52 then becomes the potential stumbling

block to a higher 123.75-123.88 rise.