Gilts Forecast: Immediate Resistance At 110.85/90
Jason Sen | May 27, 2014 02:12AM ET
Gilts hit support at 110.58 to try longs and saw the low for the day exactly here as expected. A low for the week is also expected here but any longs today need stops below 110.50. An unexpected break lower could then target 110.25/20.
Immediate resistance at 110.85/90 but a break above Friday's high of 110.95 is an added positive signal and targets 111.10. A high for the day is possible, but if we continue higher, look for 111.27/28. Just be aware that a break higher today meets a selling opportunity at 111.42/47.
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