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(Z17) Finds Support Ahead of 124.20......>

GILT TECHS
GILT TECHS: (Z17) Finds Support Ahead of 124.20 Fibo Level
*RES 4: 125.30 Hourly recovery high Nov 9
*RES 3: 125.04 Nov 9 low, hourly resistance
*RES 2: 124.92 Nov 10 high
*RES 1: 124.72 Hourly resistance
*PREVIOUS CLOSE: 124.51 
*SUP 1: 124.28 Nov 10 low
*SUP 2: 124.20 Hourly basing area Oct 30-31, 61.8% Fibo
*SUP 3: 123.81/84 76.4% Fibo of 123.17-125.87, Nov 1 low
*SUP 4: 123.64 1% volatility band
*COMMENTARY* Rally reached 125.87 last Wednesday, just shy of a test to the next
resistance area of note at 125.97. This a 50% Fibo retrace level as well as the
upper 1% volatility band at the time. As a result, we have seen a pullback which
has lost 124.95 support. Loss here introduces further caution, especially given
the 'Gravestone Doji' candle close on the daily chart Wednesday. Next supports
now 124.20-123.81. Resistance 124.72-124.92.

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