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(M9) Neckline Support Remains Intact ....>

GILT TECHS
GILT TECHS: (M9) Neckline Support Remains Intact 
*RES 4: 129.74 High March 25 
*RES 3: 128.66 High April 3 
*RES 2: 128.37 High April 10 
*RES 1: 127.91 High April 26 
*PRICE: 126.96 @ Close May 3 
*SUP 1: 126.76 Low Apr 23 
*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 continue to trade within range above key neckline support with
bulls looking to take out the April 26 high at 127.91. A break would open the
April 10 high at 128.37 ahead of the April 2 high at 129.42. for bears the focus
turns to the April 23 low at 126.76. A break below here opens the key neckline
support area at 126.60/47/44 marking the April 18/March 14/March 12 lows.

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