(U0) Attention Is On Key Resistance......>

GILT TECHS: (U0) Attention Is On Key Resistance

*RES 4: 139.70 Low Mar 3 (cont)

*RES 3: 139.05 High Mar 12 (cont)

*RES 2: 138.01/02 High Jun 25 / High May 22 and the bull trigger

*RES 1: 137.88 High Jul 9

*PRICE: 137.77 @ Close Jul 9

*SUP 1: 136.95 Low Jul 1

*SUP 2: 136.82 Low Jun 24 and the 50-day EMA

*SUP 3: 136.48 Low Jun 19 and key support

*SUP 4: 135.56 Low Jun 10

Gilts futures maintain a bullish stance and edged higher yesterday. Price late

Jun traded close to resistance and the key bull trigger at 138.02, May 22 high.

A break of this hurdle is still required to confirm a resumption of the

underlying broader uptrend. This would pave the way for gains towards 139.05,

Mar 12 high (cont). Key support has been defined at 136.48, Jun 19 low and needs

to hold to avoid a deeper pullback. Initial support to watch is 136.95.