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(M0) Path Of Least Resistance Still Up...>

GILT TECHS
GILT TECHS: (M0) Path Of Least Resistance Still Up
*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: 136.33 High Mar 2
*PRICE: 135.73 @ Close Mar 2
*SUP 1: 134.61 Low Feb 27
*SUP 2: 133.82/134.00 Low Feb 25 / 20-day EMA
*SUP 3: 133.30 Low Feb 21
*SUP 4: 133.21 50-day EMA
Gilts rallied again Monday and managed a fresh high print of 136.33 before
finding some resistance. 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. Further gains are favoured. The focus
is on the key Sep 3 high of 136.80 (continuation) which also marks the next
major resistance. Support lies at 134.61.

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