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(M9) Still Range Trading *RES 4:.........>

GILT TECHS
GILT TECHS: (M9) Still Range Trading
*RES 4: 129.74 High March 25 
*RES 3: 128.66 High April 3 
*RES 2: 128.37 High April 10 
*RES 1: 127.91 High April 26 
*PRICE: 127.61 @ Close May 7 
*SUP 1: 126.85 Low May 3 
*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 continue to trade within its recent range with bulls needed to
overcome the April 26 high at 127.91 to ignite some upside momentum. A break
would open the April 10 high at 128.37 ahead of the April 2 high at 129.42. For
bears the focus is on the May 3 low at 126.85 with a break below here opening
the key neckline support area at 126.60/47/44 marking the April 18/March
14/March 12 lows.

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