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

GILT TECHS: (U0) Needle Still Points North

*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: 138.20 High Jul 16 and the bull trigger

*PRICE: 137.89 @ Close Jul 20

*SUP 1: 137.36 Low Jul 15

*SUP 2: 137.25 Low Jul 13 and key near-term support

*SUP 3: 137.06/136.95 50-day EMA / Low Jul 1

*SUP 4: 136.82 Low Jun 24

Gilts futures traded higher last week registering a fresh trend high at 138.20

Jul 16. The outlook remains bullish. Recent gains confirmed a resumption of the

uptrend that has been in place since Jun 5. A clear breach of 138.00, that has

provided resistance since late May would also represent an important break with

a key hurdle cleared. The next objective is 138.48, a Fibonacci projection. Firm

near-term support is at 137.25, Jul 13 low.