(M0) Corrective Pullback *RES 4:.........>

GILT TECHS: (M0) Corrective Pullback

*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: 137.36 @ Close May 11

*SUP 1: 136.95 Low Apr 30

*SUP 2: 136.74 Low Apr 27 and key support

*SUP 3: 136.29/135.93 50-day EMA / Low Apr 23

*SUP 4: 135.53 Low Apr 7

Gilts traded lower yesterday however futures 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.