CGB: Hit Good Support At 129.30/25
Jason Sen | Mar 24, 2014 04:27AM ET
Ten-Year Government of Canada Bond hit good support at 129.30/25 and bottomed here as predicted. We look for a bounce from here again today but be aware a break lower should test March lows at 129.02. There is a good chance we break lower this week to target 128.70/63.
Immediate resistance at 129.70/72. We should struggle here but a break higher offers a selling opportunity at 129.96/130.00. Only a close above the 200 day moving average at 13.06 is now seen as positive for the market this week.
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