CGB; Holding The Downside
Jason Sen | Oct 09, 2013 03:22AM ET
Ten-Year Government of Canada Bond support at 129.24 was tested and held the downside . If we continue lower today look for 129.00 then a buying opportunity at 128.82/77. A low for the day is likely here but longs need stops below 128.65 with a gap to fill at 128.55.
Above 129.25 meets resistance at 126.42. If we continue higher we could stretch to 129.69/75 which held the topside on Monday. Recent highs of 130.00 then offer an excellent selling opportunity. Exit longs and try shorts with stops above 130.05.
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