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

GILT TECHS
GILT TECHS: (H9) Upside Momentum Resumes
*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: 123.80/82 21-dma/Low Feb 26 
*PREVIOUS CLOSE: 123.74 
*SUP 1: 122.89/94/97 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 extended gains above its 50-dma yesterday allowing bulls to build
some momentum to target the 21-dma just above current levels. Above here would
bring the Feb 27 high at 124.00 back into play ahead of the Feb 14 high at
124.49. Bears continue to target the uptrend support from the Nov 8 low and the
200-dma. Below here would open the Jan 28 low at 122.64. 

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