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(U0) Off Recent highs *RES 4: 139.70.....>

GILT TECHS
GILT TECHS: (U0) Off Recent highs
*RES 4: 139.70 Low Mar 3 (cont)
*RES 3: 139.05 High Mar 12 (cont)
*RES 2: 138.01/02 High Jun 25 / High May 22 and the bull trigger
*RES 1: 137.42 High Jul 1
*PRICE: 137.08 @ Close Jul 1
*SUP 1: 136.95 Low Jul 1
*SUP 2: 136.82 Low Jun 24
*SUP 3: 136.65/48 50-day EMA / Low Jun 19 and key support
*SUP 4: 135.56 Low Jun 10
Gilts futures remain bullish although for now appear to have entered a
corrective phase. Price recently traded close to resistance and the key bull
trigger at 138.02, May 22 high. A break of this level is required to confirm a
resumption of the underlying broader uptrend and also pave the way for climb
towards 139.05, Mar 12 high (cont). For now though attention is on support at
136.48, Jun 19 low that needs to hold to avoid a deeper pullback in price.

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