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

GILT TECHS: (M0) Uptrend Remains Intact

*RES 4: 140.00 Psychological round number

*RES 3: 139.84 High Mar 9 and the contract high

*RES 2: 138.46 High Mar 9 and gap high on the daily chart

*RES 1: 138.37 High May 14

*PRICE: 137.96 @ Close May 14

*SUP 1: 137.04/136.95 Low May 12 / Low Apr 30

*SUP 2: 136.74 Low Apr 27 and key support

*SUP 3: 136.46/135.93 50-day EMA / Low Apr 23

*SUP 4: 135.53 Low Apr 7

Gilts traded higher yesterday before pulling back. The outlook remains positive

with 138.17, May 5 high breached. The break yesterday confirms a resumption of

the underlying uptrend and paves the way for a test of 138.46, Mar 9 low. A

print of 138.46 would fill a gap on the daily chart. Further out, attention is

on the contract high of 138.89, Mar 9 high. Firm support is seen at 137.04,

Tuesday's low and 136.74. The latter is the Apr 27 low.