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(M9) Neckline Back In Focus *RES 4:......>

GILT TECHS
GILT TECHS: (M9) Neckline Back In Focus
*RES 4: 129.42 High April 2 
*RES 3: 128.66 High April 3 
*RES 2: 128.37 High April 10 
*RES 1: 128.69/91 21-dma/ High April 29 
*PRICE: 127.42 @ Close Apr 30 
*SUP 1: 126.94 Low Apr 30
*SUP 2: 126.60/47/44 Low Apr 18/ Low Mar 14/ Low Mar 12 
*SUP 3: 125.55 Low Mar 1 
*SUP 4: 125.00 Low Jan 16 
Gilt futures were unable to sustain gains above the 21-dma yesterday allowing
bears to regain the initiative. Yesterday's low at 126.94 is the initial
downside target, below which lies neckline support at 126.60/47/44 marking the
April 18/March 14/March 12 lows. Bulls need a close above the 21-dma/April 29
high at 128.69/91 to bring the April 10 high at 128.37 back into play. Above
here opens the April 2 high at 129.42.

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