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(M0) Bulls Hold On *RES 4: 138.46 High...>

GILT TECHS
GILT TECHS: (M0) Bulls Hold On
*RES 4: 138.46 High Mar 9 and gap high on the daily chart
*RES 3: 138.22 High Mar 10 and gap low on the daily chart
*RES 2: 138.15 High Mar 12
*RES 1: 137.88 High Apr 30
*PRICE: 137.74 @ Close May 4
*SUP 1: 136.95 Low Apr 30
*SUP 2: 136.74 Low Apr 27 and key support
*SUP 3: 135.93 Low Apr 23
*SUP 4: 135.90 50-day EMA
Gilt futures remain bullish. Price last week confirmed a break of resistance at
137.45, Apr 24 high bringing an end to the recent period of consolidation. More
importantly, it confirms a resumption of the uptrend that started on Mar 19 and
paves the way for gains towards 138.00 and 138.22, Mar 10 high. Further out, the
focus is on the contract high of 138.89, from Mar 9. Firm support lies at
136.74., Apr 27 low. Initial support is at 136.96, Apr 30 low.

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