(U0) Focus Is On Key resistance *RES.....>

GILT TECHS: (U0) Focus Is On Key resistance

*RES 4: 140.00 Psychological round number

*RES 3: 139.70 Low Mar 3 (cont)

*RES 2: 139.05 High Mar 12 (cont)

*RES 1: 138.01/02 High Jun 25 / High May 22 and the bull trigger

*PRICE: 137.80 @ Close Jun 29

*SUP 1: 137.32 Low Jun 29

*SUP 2: 136.82 Low Jun 24

*SUP 3: 136.59/48 50-day EMA / Low Jun 19

*SUP 4: 135.56 Low Jun 10

Gilts futures remain bullish. Price last week traded to a high just short of

resistance and the key bull trigger at 138.02, May 22 high. A break would

confirm a resumption of the underlying broader uptrend and also pave the way for

gains towards 139.05, High Mar 12 (cont). On the downside, sub 136.48 levels,

Jun 19 low is required to dent the bullish outlook and also signal a short-term

reversal.