(U18) Rally So Far Falls Short Of........>

GILT TECHS: (U18) Rally So Far Falls Short Of 123.30-123.39 

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

*RES 3: 123.49/52 1% volatility band, May 31 high

*RES 2: 123.30/39 Swing 122.92-122.31, 61.8% 124.67-121.33

*RES 1: 123.19 Jun 19 high

*PRICE: 122.90 @0800GMT 

*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* The rise was halted at 123.19 on Tuesday, leaving us shy for the

time being of a test into the 123.30-123.39 region. Daily studies remain

positive at this time, so eyes are on 122.80-122.60 support. The latter should

catch any pullback if the rally is to continue at this stage. Loss would caution

and allow a deeper setback of gains seen since last week's 121.33 base. Back

above 123.19 would allay these fears and allow an upside continuation.