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(M9) Recovery Builds Momentum *RES 4:....>

GILT TECHS
GILT TECHS: (M9) Recovery Builds Momentum
*RES 4: 129.74 High March 25 
*RES 3: 129.42 High April 2 
*RES 2: 128.66 High April 3
*RES 1: 128.37 High April 10 
*PRICE: 127.87 @ Close Apr 26 
*SUP 1: 127.52 55-dma 
*SUP 2: 126.60/47/44 Low Apr 18/ Low Mar 14/ Low Mar 12 
*SUP 3: 125.55 Low Mar 1 
*SUP 4: 125.00 Low Jan 16 
Gilt futures recovered the 21-dma on Friday to extend the recovery towards the
April 10 high at 128.37. Above here opens the April 2 high at 129.42 ahead of
the March 25 contract highs at 129.74. Bears look for a close back below the
55-dma at 127.52 to bring the focus back to neckline support at 126.60/47/44
marking the April 18/March 14/March 12 lows.

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