(Z17) Pullback Sees 123.96-123.72 As.....>

GILT TECHS: (Z17) Pullback Sees 123.96-123.72 As Next Support Area

*RES 4: 124.99/00 Oct 18-19 highs

*RES 3: 124.75/83 Overnight gap Oct 19-20

*RES 2: 124.69 Oct 23 high

*RES 1: 124.40/50 Hourly resistance

*PRICE: 124.08 @1530GMT

*SUP 1: 123.96 61.8% Fibo of 123.32-125.00

*SUP 2: 123.72 76.4% Fibo of 123.32-125.00

*SUP 3: 123.32 Oct 6 low

*SUP 4: 123.12 Sep 28 low

*COMMENTARY* Monday's rally faltered at 124.69, failing to fill the

124.75-124.83 gap created between last Thursday's close and last Friday's open.

The subsequent fall has broken below 124.05-124.02 support, which leaves the

downside susceptible to a further 123.96-123.72 fall, as we continue to correct

recent gains from the 123.32-123.12 lows. As a result, nearest resistance falls

to 124.40-124.50 then that 124.69 above.