(U0) Pullback Likely A Correction *RES...>

GILT TECHS: (U0) Pullback Likely A Correction

*RES 4: 139.70 Mar 9 low (cont)

*RES 3: 139.05 High Mar 12 (cont)

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

*RES 1: 137.54 High May 29

*PRICE: 136.92 @ Close Jun 2

*SUP 1: 136.73 Low Jun 1

*SUP 2: 136.63 Low May 20

*SUP 3: 136.09 Low May 19 and key support

*SUP 4: 136.00 Round number support

Gilts are lower this week. Despite this, a bullish outlook is maintained. The

break of 137.34, May 13 high on May 22 confirmed a resumption of the uptrend and

maintains the positive price sequence of higher highs and higher lows. Attention

is on 138.02, May 22 high where a break would again confirm a bullish resumption

and open 139.05, Mar 12 high (cont) and 139.70, Mar 9 low (cont). Key support

lies at 136.09, May 19 low, a break would alter the picture.