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(M0) 139.84 High Intact For Now *RES.....>

GILT TECHS
GILT TECHS: (M0) 139.84 High Intact For Now
*RES 4: 140.47 1.618 projection of Jan 9 - Jan 30 rally from Feb 13 low (cont)
*RES 3: 140.00 Round number resistance
*RES 2: 139.84 High Mar 9 and bull trigger
*RES 1: 138.22 High Mar 10
*PRICE: 137.17 @ Close Mar 11
*SUP 1: 136.49 Low Mar 10
*SUP 2: 135.81 Low Mar 5
*SUP 3: 135.69 20-day EMA
*SUP 4: 135.02 Low Mar 3
Gilt futures are still trading below Monday's 139.84 high following the sharp
pullback Tuesday. The strong uptrend has been in overbought territory for some
time and perhaps now we can consider scope for a much needed correction.
Attention is on Tuesday's 136.49 low where a break would open the support area
highlighted by the 20-day EMA of 135.69. Initial resistance is 138.22, Tuesday's
high.

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