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(M0) Looking For Gains *RES 4: 140.00....>

GILT TECHS
GILT TECHS: (M0) Looking For Gains
*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: 137.57 @ Close May 12
*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 but rebounded off the 137.04 day low. The outlook
remains positive. The recent break of resistance at 137.45, Apr 24 high
confirmed a resumption of the uptrend 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 chart. Further out, attention is on
the contract high of 138.89, Mar 9 high. Firm support is seen at 136.74.

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