(U0) Focus Is On Resistance At 138.15....>

GILT TECHS: (U0) Focus Is On Resistance At 138.15

*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 and the bull trigger

*PRICE: 137.65 @ Close Jul 15

*SUP 1: 137.25 Low Jul 13

*SUP 2: 136.95 Low Jul 1

*SUP 3: 136.89/82 50-day EMA / Low Jun 24

*SUP 4: 136.72 Low Jun 22

Gilts futures traded sharply lower Monday but have since recovered. A bullish

outlook is maintained and attention is on the Jul 10 high of 138.15 where a

break would confirm a resumption of the broader uptrend. A positive outlook

follows last week's break of the former key resistance at 138.02, May 22 high.

Key support lies at 136.95, Jul 1 low and a break would instead highlight a

potential short-term trend reversal.