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

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.