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(U0) Bulls Still In Control *RES 4:......>

GILT TECHS
GILT TECHS: (U0) Bulls Still In Control
*RES 4: 139.05 High Mar 12 (cont)
*RES 3: 138.02 High May 22 and the bull trigger
*RES 2: 137.54 High May 29
*RES 1: 137.46 High Jun 11
*PRICE: 137.11 @ Close Jun 15
*SUP 1: 136.78 Low Jun 11
*SUP 2: 136.54 High Jun 10 and a gap low on the daily chart
*SUP 3: 135.56 Low Jun 10 and key near-term support
*SUP 4: 135.05 Low Jun 5 and the bear trigger
Gilts rallied sharply higher last week and confirmed a clear reversal of the
recent downleg. The near-term outlook remains bullish with scope for a
continuation of the current positive theme. The focus is on 137.54, May 29 high.
If breached, this would open the key resistance and bull trigger at 138.02, May
22 high. On the downside, initial support lies at yesterday's low of 136.54, Jun
10 high and a gap low on the daily chart.

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