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(U0) Trading Just Ahead Of Key...........>

GILT TECHS
GILT TECHS: (U0) Trading Just Ahead Of Key resistance
*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: 137.64 @ Close Jul 30
*SUP 1: 137.32 Low Jun 29
*SUP 2: 136.82 Low Jun 24
*SUP 3: 136.63/48 50-day EMA / Low Jun 19
*SUP 4: 135.56 Low Jun 10
Gilts futures remain bullish. Price continues to trade just ahead of resistance
and the key bull trigger at 138.02, May 22 high. A break would confirm a
resumption of the underlying broader uptrend and also pave the way for gains
towards 139.05, High Mar 12 (cont). On the downside, sub 136.48 levels, Jun 19
low is required to dent the bullish outlook and also signal a possible
short-term reversal.

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