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(H9) Upside Momentum Lacking *RES 4:.....>

GILT TECHS
GILT TECHS: (H9) Upside Momentum Lacking
*RES 4: 125.64 High May 29 (continuation chart) 
*RES 3: 124.49 High Feb 14 
*RES 2: 124.00 High Feb 27 
*RES 1: 123.45/53 50-dma/High Mar 5
*PREVIOUS CLOSE: 123.21 
*SUP 1: 122.87/94/98 Uptrend support from Nov 8 low/Low Mar 1/200-dma 
*SUP 2: 122.64 Low Jan 28 
*SUP 3: 122.36 Low Jan 22 
*SUP 4: 122.15 Low Jan 18 
Gilt futures failed to extend gains above the 50-dma yesterday keeping the
broader focus on the downside and the key support which marks the uptrend from
the Nov 8 low and the 200-dma. Bears look to close below Friday's low to open
the Jan 28 low at 122.64. To regain the upper hand bulls need a close aboce
yesterday's high and the 50-dma which would bring the Feb 27 high at 124.00 back
into play. Above here would shift the focus to the Feb 14 high at 124.49. 

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