Gilts: Daily Chart Positive
Jason Sen | Feb 20, 2014 04:01AM ET
Gilts got very close to our target of 110.70 and topped at 110.66. We backed away quite sharply but met support at 110.01/98 which should hold the downside today. However, if we continue lower look for 109.82 then 109.68/65 which could hold the downside.
The daily chart is quite positive and above 110.40 may allow a retest of 110.65/70. If this does not hold a move higher we meet the 200 day moving average at 110.84/86 and little chance of making it any higher at this stage.
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