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(M0) Consolidating But Remains Bullish...>

GILT TECHS
GILT TECHS: (M0) Consolidating But Remains Bullish
*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: 136.93 @ Close Apr 16
*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
Gilt futures are unchanged and remain bullish with 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 still point north reinforcing bullish
conditions. Key support is 135.53, Apr 7 low. The bull trigger is 137.31.

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