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(M0) Bearish Onslaught *RES 4: 134.33....>

GILT TECHS
GILT TECHS: (M0) Bearish Onslaught
*RES 4: 134.33 High Mar 16
*RES 3: 135.03 High Mar 17
*RES 2: 133.47 Low Mar 17 and gap high
*RES 1: 132.98 High Mar 18 and gap low
*PRICE: 131.15 @ Close Mar 18
*SUP 1: 130.00 Low Mar 18 and psychological support
*SUP 2: 129.39 Low May 23 (cont)
*SUP 3: 128.68 Low May 22 (cont)
*SUP 4: 128.19 Low May 21 (cont)
Gilt futures futures fell sharply Wednesday as European gov bonds faced
significant selling pressure. The move lower has wiped out almost all of this
year's gains. This week has seen price also trade through the 50-day EMA to
highlight a reversal rather than a correction at this stage. With further
weakness likely, attention is on the 130.00 handle and 128.19, May 21 2019 low
(cont). Firm near-term resistance is seen at 133.470.

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