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(U0) Needle Still Points North *RES 4:...>

GILT TECHS
GILT TECHS: (U0) Needle Still Points North
*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: 137.69 @ Close Jun 25
*SUP 1: 136.82 Low Jun 24
*SUP 2: 136.48/49 Low Jun 19 / 50-day EMA
*SUP 3: 135.56 Low Jun 10
*SUP 4: 135.05 Low Jun 5 and primary support
Gilts traded higher again yesterday maintaining this week's positive tone. Price
traded to a high just short of the key resistance of 138.02, May 22 high and the
key bull trigger. A break would confirm a resumption of the underlying broader
uptrend and pave the way for gains towards 139.05, High Mar 12 (cont). On the
downside, sub 136.48 levels, Jun 19 low would signal a short-term reversal.

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