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(U0) Bearish Cycle Confirmed *RES 4:.....>

GILT TECHS
GILT TECHS: (U0) Bearish Cycle Confirmed
*RES 4: 137.36 High Jun 1
*RES 3: 136.76 High Jun 3
*RES 2: 136.09 Low May 19 and key near-term resistance
*RES 1: 135.81 High Jun 3
*PRICE: 135.28 @ Close Jun 5
*SUP 1: 135.05 Low Jun 5
*SUP 2: 134.89 2.236 projection of May 22 - 27 swing from May 29 high
*SUP 3: 134.72 2.382 projection of May 22 - 27 swing from May 29 high
*SUP 4: 134.58 2.500 projection of May 22 - 27 swing from May 29 high
Gilts remain under pressure ending last week on a softer note. A bearish theme
follows the recent rejection off 138.02, May 22 high. Furthermore, the break on
Thursday of 136.09, May 19 low confirmed a bearish cycle and has left the
contract exposed to a deeper decline. Attention is on 134.89 and 134.72, both
Fibonacci projection levels. On the upside, key near-term resistance is seen at
136.09, May 19 low.

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