(U0) Breaches Key Resistance *RES 4:.....>

GILT TECHS: (U0) Breaches Key Resistance

*RES 4: 139.70 Low Mar 3 (cont)

*RES 3: 139.05 High Mar 12 (cont)

*RES 2: 138.48 1.00 projection of Jun 19 - 25 rally from Jul 1 low

*RES 1: 138.15 High Jul 10

*PRICE: 137.88 @ Close Jul 10

*SUP 1: 137.38 Jul 8 low

*SUP 2: 136.95 Low Jul 1

*SUP 3: 136.82 Low Jun 24 and the 50-day EMA

*SUP 4: 136.48 Low Jun 19 and key support

Gilts futures are bullish and edged higher again Friday, this time also clearing

the key resistance and bull trigger at 138.02, May 22 high. The breach of this

hurdle confirms a resumption of the underlying broader uptrend and paves the way

for gains towards 139.05, Mar 12 high (cont). Key support has been defined at

136.95, Jul 1 low where a break is required to threaten the positive theme.

Initial support to watch is 137.38.