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(M9) Another New High *RES 4: 132.98.....>

GILT TECHS
GILT TECHS: (M9) Another New High
*RES 4: 132.98 High Aug 31, 2016 
*RES 3: 131.51 High Sep 27, 2016 
*RES 2: 131.00 Resistance 
*RES 1: 130.64 High May 29 
*PRICE: 130.54 @ Close May 29 
*SUP 1: 129.63 Low May 24 
*SUP 2: 128.19 Low May 21 
*SUP 3: 127.73 Low May 8 
*SUP 4: 128.54/14 21-dma/55-dma 
Gilt futures extended to new highs yesterday as bulls keep the pressure on with
pullbacks remaining shallow. A break above yesterday's high at 130.64 would put
the focus on 131.00 ahead of the Sep 27, 2016 high at 131.51 on the continuation
chart. Bears need a break back below Friday's low at 129.63 to stabilise the
outlook while a break below the May 21 low at 128.19 would suggest a potential
downside reversal.

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