(M9) Mid-March Lows In Focus *RES 4:.....>

GILT TECHS: (M9) Mid-March Lows In Focus

*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: 126.87 @ Close Apr 15 

*SUP 1: 126.61 Low Apr 16 

*SUP 2: 126.47/44 Low Mar 14/ Low Mar 12 

*SUP 3: 125.55 Low Mar 1 

*SUP 4: 125.04 55-dma (continuation chart)

Gilt futures found some support yesterday ahead of the March 14/March 12 lows at

126.47/44, but the recovery has lacked momentum keeping the focus on the

downside. A break below here would bring the March 1 low into focus ahead of the

55-dma on the continuation chart. To reignite upside momentum bulls need to

recover the April 10 high at 128.37, above which would shift the focus back to

the March 25 high at 129.74.