(M9) Rally Gains Momentum *RES 4:........>

GILT TECHS: (M9) Rally Gains Momentum

*RES 4: 131.51 High Sep 27 2016 (continuation chart)

*RES 3: 129.68/88 High May 30 2017/20% retracement of 125.55-127.72

(continuation chart)

*RES 2: 129.22 High Sep 8 2017 (continuation chart)

*RES 1: 126.52 High Dec 15 2017 (continuation chart)

*PRICE: 129.16 @ Close Mar 22 

*SUP 1: 128.28 Low Mar 22 

*SUP 2: 127.72 High Mar 20 

*SUP 3: 127.16/06 Low Mar 20/Up trendline from Mar 4 

*SUP 4: 126.76 Low Mar 19

Last week saw June Gilt futures break to new contract highs extending the rally

towards the Dec 15 2017 high at 126.52 on the continuation chart. Above here

would open the Sep 8, 2017 high at 129.52. To stabilise the outlook bears need

to push below Friday's low at 128.28. Below here and Wednesday's low at 127.72

would return the focus to the March 20 low and trendline support at 127.16/06.