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(M0) Has For Now Defined A High At.......>

GILT TECHS
GILT TECHS: (M0) Has For Now Defined A High At 139.84
*RES 4: 140.47 1.618 projection of Jan 9 - Jan 30 rally from Feb 13 low (cont)
*RES 3: 140.00 Round number resistance
*RES 2: 139.84 High Mar 9 and bull trigger
*RES 1: 138.22 High Mar 10
*PRICE: 137.95 @ Close Mar 10
*SUP 1: 137.00 Low Mar 6
*SUP 2: 135.81 Low Mar 5
*SUP 3: 135.28 20-day EMA
*SUP 4: 135.02 Low Mar 3
Gilt futures were down sharply at one stage yesterday before bouncing to close
near session highs. This follows the pullback off Monday's 139.84 high. The
strong uptrend has been in overbought territory for some time and perhaps now we
can consider the start of a much needed correction. Attention is on yesterday's
136.49 low where a break would open a support area highlighted by the 20-day EMA
of 135.53. Initial resistance is 138.22, yesterday's high.

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