Gilts: Appears Unchanged
Jason Sen | Apr 01, 2014 02:53AM ET
Gilts headed lower than expected to 109.23 but closed almost unchanged. Immediate resistance at 109.63/65 then 109.75/76 and the 200 day moving average at 109.85/88. We should struggle here but if we continue higher look for the next resistance at 110.05/06 before March highs at 110.29/32.
Immediate support is 109.48 but below 109.40 risks a retest of yesterday's low at 109.23. Failure here today could lead to a test of the 100 day moving average & last week's low at 109.08/06. Failure meets 2 weeks lows at 108.88.
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