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(M0) Corrective Mode *RES 4: 140.00......>

GILT TECHS
GILT TECHS: (M0) Corrective Mode
*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: 138.40 High May 15
*PRICE: 137.48 @ Close May 18
*SUP 1: 137.04 Low May 12
*SUP 2: 136.74 Low Apr 27 and key support
*SUP 3: 136.55 50-day EMA
*SUP 4: 135.93 Low Apr 23
Gilts pulled back yesterday with futures correcting lower. The outlook however
remains positive. The recent move above 138.17, May 5 high confirmed a
resumption of the underlying uptrend and paves the way for a test of 138.46, Mar
9 low. Note that a print of 138.46 would fill a gap on the daily chart. Further
out, attention is on the contract high of 138.89, Mar 9 high. Firm support is
seen at 137.04, May 12 low. A break would concern bulls.

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