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(M0) Uptrend Resumes *RES 4: 138.46......>

GILT TECHS
GILT TECHS: (M0) Uptrend Resumes
*RES 4: 138.46 High Mar 9 and gap high on the daily chart
*RES 3: 138.22 High Mar 10 and gap low on the daily chart
*RES 2: 138.15 High Mar 12
*RES 1: 137.88 Intraday high
*PRICE: 137.70 @ Close Apr 30
*SUP 1: 136.74 Low Apr 27
*SUP 2: 135.93 Low Apr 23
*SUP 3: 135.84 50-day EMA
*SUP 4: 135.53 Low Apr 7 and key near-term support
Gilt futures rallied yesterday. A clear break of former resistance at 137.45,
Apr 24 high has been confirmed and this brings to an end the recent period of
consolidation. More importantly, it confirms a resumption of the uptrend that
started on Mar 19 and paves the way for gains towards 138.00 and 138.22, Mar 10
high. Further out, the focus is on the contract high of 138.89, from Mar 9.
Support lies at 136.74, Apr 27 low.

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