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(M9) New Contract Highs *RES 3: 132.98...>

GILT TECHS
GILT TECHS: (M9) New Contract Highs
*RES 3: 132.98 High Aug 31, 2016 
*RES 2: 131.51 High Sep 27, 2016
*RES 1: 131.00 Resistance
*PRICE: 130.05 @ Close May 23 
*SUP 1: 129.39 Low May 23 
*SUP 2: 128.19 Low May 21 
*SUP 3: 127.73 Low May 8 
*SUP 4: 128.05/127.94 21-dma/55-dma 
Gilt futures continue to surge with bulls taking out the 130 handle yesterday to
extend gains to new contract highs. The 131 level is the next upside target with
a break above here opening the Sep 27, 2016 high at 131.51. Above here opens the
Aug 31, 2016 high at 132.98. Bears need a break back below yesterday's low at
129.39 to stabilise the outlook while a break below Tuesday's low at 128.19
would suggest a potential downside reversal. 

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