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(M0) Needle Still Points North *RES 4:...>

GILT TECHS
GILT TECHS: (M0) Needle Still Points North
*RES 4: 138.68 1.236 projection of Jan 9 - Jan 30 rally from Feb 13 low (cont)
*RES 3: 138.00 Round number resistance
*RES 2: 137.62 1.000 projection of Jan 9 - Jan 30 rally from Feb 13 low (cont)
*RES 1: 136.88 High Mar 4
*PRICE: 136.64 @ Close Mar 5
*SUP 1: 135.81 Low Mar 5
*SUP 2: 135.02 Low Mar 3
*SUP 3: 134.59 20-day EMA
*SUP 4: 133.82 Low Feb 25
Gilt futures registered a fresh high print once again yesterday 136.88. The
outlook remains bullish. Last week saw futures reinforce their underlying
bullish conditions and maintain the positive price sequence of higher highs and
higher lows as price moved higher. Further gains are favoured with the focus on
137.00 and 137.62. The latter is a Fibonacci projection. Initial support lies at
135.81, yesterday's low. Bullish!

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