(U0) Pullbacks Considered Corrective.....>

GILT TECHS: (U0) Pullbacks Considered Corrective

*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: 137.57 High Jul 3

*PRICE: 137.24 @ Close Jul 6

*SUP 1: 136.95 Low Jul 1

*SUP 2: 136.82 Low Jun 24

*SUP 3: 136.73/48 50-day EMA / Low Jun 19 and key support

*SUP 4: 135.56 Low Jun 10

Gilts futures remain bullish and pullbacks are still considered corrective.

Price late Jun traded close to resistance and the key bull trigger at 138.02,

May 22 high. A break of this level is still required to confirm a resumption of

the underlying broader uptrend and also pave the way for climb towards 139.05,

Mar 12 high (cont). Key support has been defined at 136.48, Jun 19 low and needs

to hold to avoid a deeper pullback in price. Initial support to watch is 136.95.