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(M0) Extremely Volatile *RES 4: 134.33...>

GILT TECHS
GILT TECHS: (M0) Extremely Volatile
*RES 4: 134.33 High Mar 16
*RES 3: 135.03 High Mar 17
*RES 2: 133.47 Low Mar 17 and gap high
*RES 1: 133.46 High Mar 19
*PRICE: 130.70 @ Close Mar 19
*SUP 1: 127.99 Low Mar 19
*SUP 2: 127.37 50% retracement of the Oct 2018 - Mar 2020 rally (cont)
*SUP 3: 127.00 Round number support
*SUP 4: 126.55 Low Apr 2019 (cont)
Gilt futures were, even in light of recent price action extremely volatile
yesterday. Futures fell sharply before rebounding off 127.99. Conditions remain
bearish. The recent move lower has wiped out all of this year's gains. This week
has seen price trade through the 50-day EMA to highlight a reversal rather than
a correction. With further weakness likely, attention is on continued pressure
on the 128.00 handle. Firm near-term resistance is seen at 133.470.

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