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(M9) Still Stuck In Range *RES 4:........>

GILT TECHS
GILT TECHS: (M9) Still Stuck In Range
*RES 4: 129.50 Breakout target 
*RES 3: 127.68 High Feb 14 
*RES 2: 127.55 High March 12 
*RES 1: 127.33 High March 19 
*PRICE: 127.20 @ Mar 19 Close 
*SUP 1: 126.76 Low Mar 19 
*SUP 2: 126.55/47 50-dma/Low Mar 14 
*SUP 3: 126.12 Low Mar 6 
*SUP 4: 125.86 Low Mar 5 
Gilt futures continue to trade in the middle of their two week range with
yesterday's weakness failing to establish a lower low. Bears need to take out
yesterday's low at 126.76 to build downside momentum and target the 50-dma and
March 14 low at 126.55/47. Below here would suggest a potential bearish
reversal. Bulls focus now turns to yesterday's high at 127.33 with a break
needed to open the March 12 highs at 127.55. 

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