CGB: A Retest Of Last Week's Lows?
Jason Sen | Nov 12, 2014 05:33AM ET
10-Year Government of Canada Bond below 136.60 today is likely to add pressure and retest last week's low at 136.40. A break lower not out of the question and would keep the market in a 4 week bear trend to target 136.15/10. If we continue lower look for a target of 135.85.
Immediate resistance at 136.90 again today but above here look for a selling opportunity at 137.15/20, with stops above 137.25. Be ready to go with a break higher to target 137.50/54 to try shorts again today, adding up to 137.65 with stops above 137.75.
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