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(M0) Uptrend Intact *RES 4: 140.00.......>

GILT TECHS
GILT TECHS: (M0) Uptrend Intact
*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: 138.51 @ Close May 22
*SUP 1: 137.96 Low May 21
*SUP 2: 136.94 Low May 19 and key support
*SUP 3: 136.74 Low Apr 27
*SUP 4: 136.70 50-day EMA
Gilts traded higher again Friday but did find resistance to close down on the
day. Despite this, the outlook remains bullish. 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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