(U0) Moving Sideways *RES 4: 139.70......>

GILT TECHS: (U0) Moving Sideways

*RES 4: 139.70 Low Mar 3

*RES 3: 139.05 High Mar 12 (cont)

*RES 2: 138.02 High May 22 and the bull trigger

*RES 1: 137.69 High Jun 19

*PRICE: 136.93 @ Close Jun 18

*SUP 1: 136.56 Low Jun 18

*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 were volatile yesterday but continue to move in a sideways direction for

now. Support has been defined at 136.56, yesterday's low. The near-term outlook

remains bullish with scope for an extension of gains likely near-term. The focus

is on 137.69, Jun 18 high. A clear breach would open key resistance and the

trend bull trigger at 138.02, May 22 high. On the downside, a breach of 136.56

and 136.54 would instead signal scope for a deeper pullback.