CGB: Selling Opportunity At 131.80
Jason Sen | Feb 06, 2014 02:47AM ET
Ten-Year Government of Canada Bond held October highs and strong weekly Fibonacci resistance at 131.76/81 again yesterday and as expected headed lower through 131.60 to support at 131.21/16 which just about held the downside as expected. However if we continue lower today look for 130.97/95 then strong support at 130.73/68 fr a short term buying opportunity.
Immediate resistance at 131.35/40 but above here we should struggle at 131.60/65. However if we continue higher look for a selling opportunity at 131.80/85.
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