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(H0) Pullback Considered Corrective......>

GILT TECHS
GILT TECHS: (H0) Pullback Considered Corrective
*RES 4: 136.25 2.618 projection of Jan 2 - Jan 6 rally from Jan 9 low
*RES 3: 136.00 Round number resistance
*RES 2: 135.78 2.382 projection of Jan 2 - Jan 6 rally from Jan 9 low
*RES 1: 135.52 High Jan 30
*PRICE: 134.73 @ Close Jan 30
*SUP 1: 134.40 Low Jan 30
*SUP 2: 133.55 Low Jan 23 and 24
*SUP 3: 133.04 Low Jan 16 and low Jan 21 and key near-term support
*SUP 4: 132.58 Low Jan 15
H0 Gilt found support at Tuesday's low and rallied to a fresh trend high
yesterday of 135.52 before finding resistance. Pullbacks are still viewed
corrective in nature following sharp gains since Jan 9. Bullish trend conditions
have been in place since the Dec 13 low of 130.45 and scope is seen for further
upside, with the focus on 136.00 next. On the downside, initial support has been
defined at yesterday's 134.40 low.

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