(U0) Uptrend Extension *RES 4: 139.70....>

GILT TECHS: (U0) Uptrend Extension

*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: 138.29 High Jul 22

*PRICE: 138.27 @ Close Jul 22

*SUP 1: 137.51 Low Jul 22

*SUP 2: 137.36 Low Jul 15

*SUP 3: 137.25 Low Jul 13 and key near-term support

*SUP 4: 137.14/136.95 50-day EMA / Low Jul 1

Gilts futures maintain a bullish outlook following last week's gains to a high

of 138.20 Jul 16. Yesterday, the contract confirmed a resumption of the uptrend

breaching 138.20 with a high print of 138.29. The clear breach of 138.00, that

has provided resistance since late May, also represents an important break as a

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

Firm near-term support is at 137.51, Jul 20 low.