(Z17) 123.60-123.41 Provides Near Term...>

GILT TECHS: (Z17) 123.60-123.41 Provides Near Term Support

*RES 4: 125.21 Sep 15 high

*RES 3: 124.65 Sep 19 high

*RES 2: 124.34/35 Oct 2, Sep 26 highs

*RES 1: 124.08 Hourly resistance

*PRICE: 123.68 @1032GMT

*SUP 1: 123.60 Initial recovery high Sep 28, now support

*SUP 2: 123.41/48 Hourly support, Oct 2 low

*SUP 3: 123.12 Sep 28 low

*SUP 4: 122.75 1.618 swing of 123.36-124.35

*COMMENTARY* The recovery has once again faltered at the 124.34-124.35 area,

needing a clear move through here before the impetus for a better correction of

last month's 128.24-123.12 losses can begin. In the interim, the subsequent

setback sees support initially from 123.60 but the 123.48-123.41 area provides

the real protection to that 123.12 low. Back above 124.08 needed to inspire

upside again.