(M0) Bulls Hold On *RES 4: 140.00........>

GILT TECHS: (M0) Bulls Hold On

*RES 4: 140.00 Psychological round number

*RES 3: 139.84 High Mar 9 and the contract high

*RES 2: 138.46 High Mar 9 and gap high on the daily chart

*RES 1: 138.17/22 High May 5 / High Mar 10 and gap low on the daily chart

*PRICE: 137.69 @ Close May 7

*SUP 1: 136.95 Low Apr 30

*SUP 2: 136.74 Low Apr 27 and key support

*SUP 3: 136.24/93 50-day EMA / Low Apr 23

*SUP 4: 135.53 Low Apr 7

Gilts maintain a positive tone. The recent break of resistance at 137.45, Apr 24

high confirmed a resumption of the uptrend that has been in place since Mar 19.

The move higher paves the way for gains towards 138.22, Mar 10 high and 138.46,

Mar 9 low. A print of the latter would fill a gap on the daily chart. Further

out, attention is on the contract high of 138.89, from Mar 9. Initial support is

at 136.95, Apr 30 low.