(M9) Bearish Break *RES 4: 129.22 High...>

GILT TECHS: (M9) Bearish Break

*RES 4: 129.22 High Sep 8 2017 (continuation chart) 

*RES 3: 126.52 High Dec 15 2017 (continuation chart) 

*RES 2: 129.74 High March 25 

*RES 1: 128.37 High April 10 

*PRICE: 127.63 @ Close Apr 11 

*SUP 1: 127.50 50-dma

*SUP 2: 127.16 Low Mar 20 

*SUP 3: 126.47 Low Mar 14 

*SUP 4: 125.55 Low Mar 1 

Gilt futures broke cleanly below the 128 level yesterday shifting the outlook

bearish and opening the 50-dma just below current levels at 127.50. Below here

would suggest a deeper pullback to the March 20 high at 127.16 ahead of the

March 14 low at 126.47. Bulls need to recover Wednesday's high at 127.63 to

shift the focus back to the March 25 high at 129.74 and extend the broader

rally.