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GILT TECHS: (M9) Pullback Looks Corrective
*RES 3: 127.68 High Feb 14
*RES 2: 127.62 High Feb 22
*RES 1: 127.48 High Mar 7
*PREVIOUS CLOSE: 127.24
*SUP 1: 126.56.Low Mar 7
*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 Thursday's highs on Friday but the decline lacked
impulse keeping the broader focus on the upside and on the Mar 7 high at 127.48.
Above here would allow a challenge of the Feb 22 high at 127.62, above which
would open the Feb 14 ytd high at 127.68. To neutralise the outlook bears need
to break back below the Mar 7 low at 126.56 while a break below the Mar 6 low at
126.12 would return the focus back to the downside.