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(M9) Recovery Stalls *RES 4: 129.42......>

GILT TECHS
GILT TECHS: (M9) Recovery Stalls
*RES 4: 129.42 High April 2 
*RES 3: 128.66 High April 3 
*RES 2: 128.37 High April 10 
*RES 1: 128.78/91 21-dma/ High April 29 
*PRICE: 127.67 @ Close Apr 29 
*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 dropped back below the 21-dma yesterday as upside momentum appears
to have stalled. Bears now look for a close below the 55-dma at 127.52 to return
the focus back to neckline support at 126.60/47/44 marking the April 18/March
14/March 12 lows. Bulls need a close above the 21-dma/April 29 high at 128.78/91
to bring the April 10 high at 128.37 back into play. Above here opens the April
2 high at 129.42.

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