(M0) Approaches Major Resistance *RES....>

GILT TECHS: (M0) Approaches Major Resistance

*RES 4: 136.80 High Sep 3 (continuation) and major resistance

*RES 3: 136.57 0.764 projection of Jan 1 - Jan 30 rally from Feb 13 low (cont)

*RES 2: 136.00 Round number resistance

*RES 1: 135.52 High Feb 27

*PRICE: 135.11 @ Close Feb 27

*SUP 1: 134.61 Low Feb 27

*SUP 2: 133.82 Low Feb 25

*SUP 3: 133.30 Low Feb 21

*SUP 4: 132.89 Low Feb 19

Gilts held onto their bullish stance yesterday and managed a fresh high print of

135.52 before finding some resistance. This week's rally has seen futures

reinforce underlying bullish conditions and maintain the bullish price sequence

of higher highs and higher lows. With these conditions in place, further gains

are favoured. The focus is on the key Sep 3 high of 136.80 (continuation) which

also marks the next major resistance. Support lies at 134.61.