(U9) Bulls eye 132.45 *RES 4: 133.50.....>

GILT TECHS: (U9) Bulls eye 132.45

*RES 4: 133.50 Broad bull channel top drawn off the May 21 low

*RES 3: 133.00 round number resistance

*RES 2: 132.45 High Jul 4 and key bull trigger

*RES 1: 132.30 High Jul 24

*PRICE: 132.19 @ Close Jul 24

*SUP 1: 131.58 Low Jul 23

*SUP 2: 131.27 Low Jul 19

*SUP 3: 131.05 Low Jul 18

*SUP 4: 130.52 Low Jul 16

U9 Gilt remains firm. Prices have this week confirmed a move back above the

former channel base drawn off the May 21 low. The channel was breached on Jul

11. With momentum conditions firm too, the focus is on the contract high of

132.45 printed on Jul 4. Clearance of this level would confirm a resumption of

the broader uptrend. On the downside, support lies at 131.27 with initial

support at 131.58.