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(M9) Off Its Highs *RES 4: 129.50........>

GILT TECHS
GILT TECHS: (M9) Off Its Highs
*RES 4: 129.50 Breakout target 
*RES 3: 127.68 High Feb 14 
*RES 2: 127.62 High Feb 22
*RES 1: 127.55 High March 12
*PREVIOUS CLOSE: 127.01 
*SUP 1: 126.50/43 50-dma/Low Mar 12 
*SUP 2: 126.12 Low Mar 6 
*SUP 3: 125.86 Low Mar 5 
*SUP 4: 125.55 Low Mar 1 
Gilt futures pulled back from Tuesday's highs yesterday giving bears an
opportunity to target the 50-dma and Tuesday's low at 126.50/43. Below here
would shift the near term outlook negative and open the Mar 6 low at 126.12. On
the upside bulls look to Tuesday's high at 127.55 with a break above here
bringing the Feb 22 highs at 127.62 into play. A break would allow a challenge
of the Feb 14 ytd high at 127.68.

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