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(M0) Remains Heavy *RES 4: 138.15 High...>

GILT TECHS
GILT TECHS: (M0) Remains Heavy
*RES 4: 138.15 High Mar 9 and bull trigger
*RES 3: 136.99 High Mar 13
*RES 2: 134.33 High Mar 16
*RES 1: 135.03 High Mar 17
*PRICE: 134.18 @ Close Mar 17
*SUP 1: 133.47 Low Mar 17
*SUP 2: 133.22 Low Feb 12 (cont)
*SUP 3: 133.04 Low Jan 21 (cont)
*SUP 4: 132.58 Low Jan 15 (cont)
Gilt futures remain weak as the correction that unfolded last week extends.
Prices have traded through two key areas of support highlighted by the 20-day
and 50-day EMA's. The break through these important trend indicators signals
scope for a deeper pullback and exposes the 134.00 handle. On the upside,
initial firm resistance is seen at 136.99, Mar 13 high ahead of the more
important near-term level at 138.15.

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