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(M0) Stalls At Yesterday's High *RES.....>

GILT TECHS
GILT TECHS: (M0) Stalls At Yesterday's High
*RES 4: 141.12 1.764 projection of Jan 9 - Jan 30 rally from Feb 13 low (cont)
*RES 3: 140.47 1.618 projection of Jan 9 - Jan 30 rally from Feb 13 low (cont)
*RES 2: 140.00 Round number resistance
*RES 1: 139.84 High Mar 9
*PRICE: 138.64 @ Close Mar 9
*SUP 1: 137.00 Low Mar 6
*SUP 2: 135.81 Low Mar 5
*SUP 3: 135.28 20-day EMA
*SUP 4: 135.02 Low Mar 3
Gilt futures registered a fresh high print once again yesterday, surging to
139.84. Price however stalled at the high and faced strong resistance to close
near session lows. The strong uptrend has been in overbought territory for some
time and perhaps now we can consider the start of a much needed technical
correction. Attention is on the 138.00 handle where a break would open Friday's
low of 137.00. Key resistance and the bull trigger is 139.84.

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