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GILT TECHS
GILT TECHS: (Z17) 124.57 Break Sees 125.30-125.47 As Next Target Area
*RES 4: 126.27 Underside previously broken 2017 support line
*RES 3: 125.97 50% Fibo of 128.82-123.12
*RES 2: 125.47 1% volatility band
*RES 1: 125.30 38.2% Fibo of 128.82-123.12
*PRICE: 124.97 @1328GMT
*SUP 1: 124.65/75 Hourly support
*SUP 2: 124.54 Oct 31 high, now support
*SUP 3: 124.30 Initial recovery high Nov 1, now support
*SUP 4: 123.99 Intraday low
*COMMENTARY* Found support at 123.17 last week, this just above the Sep 28 low
at 123.12 and the lower 1% volatility band. The subsequent recovery, has now
broken back above the pivotal 123.96 level. This sees the potential to increase
gains and the correction. With today's rise above 124.57, this now sets the
38.2% Fibo retrace at 125.30 next, just ahead of the upper 1% volatility band.
As a result, nearest support also rises to 124.75-124.54. 

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