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(M0) Pullback Likely A Correction *RES...>

GILT TECHS
GILT TECHS: (M0) Pullback Likely A Correction
*RES 4: 140.00 Psychological round number
*RES 3: 139.84 High Mar 9 and the contract high
*RES 2: 139.00 Round number resistance
*RES 1: 138.99 High May 21
*PRICE: 138.00 @ Close May 26
*SUP 1: 137.92 Low May 26
*SUP 2: 136.94 Low May 19 and key support
*SUP 3: 136.74 Low Apr 27
*SUP 4: 136.84 50-day EMA
Gilts traded lower yesterday. A bullish outlook remains intact though. Last
week's break of resistance at 138.40, May 15 high confirmed a resumption of the
uptrend and maintains the positive price sequence of higher highs and higher
lows. Also, a print above 138.46, Mar 9 low has filled a gap on the daily chart.
Attention is on the contract high of 138.89 from Mar 9. On the downside, 136.94
marks key support.

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