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(M0) Approaching The Next Bull Trigger...>

GILT TECHS
GILT TECHS: (M0) Approaching The Next Bull Trigger
*RES 4: 138.15 High Mar 12
*RES 3: 138.00 Round number resistance
*RES 2: 137.31 High Mar 30 and bull trigger
*RES 1: 137.19 High Apr 1
*PRICE: 136.99 @ Close Apr 15
*SUP 1: 136.38 Low Apr 14
*SUP 2: 135.53 Low Apr 7 and key near-term support
*SUP 3: 135.30 Low Mar 31
*SUP 4: 135.20 50-day EMA
From a trend perspective, Gilt futures remain bullish and an extension of the
sharp reversal on Mar 19 is still likely. The focus is on 138.00 and 138.15. The
latter is the Mar 12 high. Clearance of this level would open the key contract
high of 139.84 from Mar 9. A print of 139.84 would confirm a 100% retracement of
the Mar 9 - 19 sell-off. MA studies also point north reinforcing bullish
conditions. Key support is 135.53, Apr 7 low. The bull trigger is 137.31.

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