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(M0) Outlook Still Bullish *RES 4:.......>

GILT TECHS
GILT TECHS: (M0) Outlook Still Bullish
*RES 4: 138.15 High Mar 12
*RES 3: 138.00 Round number resistance
*RES 2: 137.31 High Mar 30 and bull trigger
*RES 1: 137.19 High Apr 1
*PRICE: 137.03 @ Close Apr 23
*SUP 1: 135.93 Low Apr 23
*SUP 2: 135.56 50-day EMA
*SUP 3: 135.53 Low Apr 7 and key near-term support
*SUP 4: 135.30 Low Mar 31
Gilt futures were volatile yesterday, trading down to 135.93 before finding
strong support. On a daily close only basis, the contract is consolidating. From
a trend perspective, the outlook remains bullish. An extension of the rally
since Mar 19 is still likely with the focus on 138.00 and 138.15. The latter is
the Mar 12 high, a break would open the key contract high of 139.84 from Mar 9.
Key support is 135.53, Apr 7 low. The bull trigger is 137.31.

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