(U0) Uptrend Intact *RES 4: 139.70 Low...>

GILT TECHS: (U0) Uptrend Intact

*RES 4: 139.70 Low Mar 3

*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 and High Jun 15

*PRICE: 137.13 @ Close Jun 15

*SUP 1: 136.78 Low Jun 11

*SUP 2: 136.54 High Jun 10 and a gap low on the daily chart

*SUP 3: 135.56 Low Jun 10 and key near-term support

*SUP 4: 135.05 Low Jun 5 and the bear trigger

Gilts traded higher yesterday but did find resistance at the day high. The

near-term outlook remains bullish with scope seen for an extension of gains

near-term. The focus is on 137.54, May 29 high and yesterday's intraday high. If

breached, this would open the key resistance and bull trigger at 138.02, May 22

high. On the downside, initial support lies at Friday's low of 136.78 ahead of

136.54, Jun 10 high and a gap low on the daily chart.