(Z17) Fresh Fall Has Eyes On.............>

GILT TECHS: (Z17) Fresh Fall Has Eyes On Consolidation Base At 123.12

*RES 4: 124.65 Sep 19 high

*RES 3: 124.34/35 Oct 2, Sep 26 highs

*RES 2: 124.10/16 Congestion area Oct 2-Oct 4, Oct 5 high

*RES 1: 123.83 Intraday high

*PRICE: 123.60 @1137GMT

*SUP 1: 123.32 Intraday low

*SUP 2: 123.12 Sep 28 low

*SUP 3: 122.75 1.618 swing of 123.36-124.35

*SUP 4: 122.63 1% volatility band

*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 has seen support from 123.62-163.41 give way, a low of 123.32 as we head

back towards the Sep 28 low at 123.12. Meanwhile, 123.83-124.16 provides

resistance to any intervening recovery efforts.