Gilts: Outlook Is Mixed
Jason Sen | Nov 05, 2014 12:56AM ET
Gilt's outlook is mixed today with immediate resistance at 114.95/115.00. Only above 115.10 is more positive and opens the door to 115.30/33. Exit longs here and try shorts up to 115.40/45 with a good chance of a high for the day. Shorts need stops above 115.55 for a move towards 115.65/68. Just be aware that if we continue higher we could reach as far as 115.90/95 then 116.10/15 for a short term selling opportunity. Shorts need stops above 116.30 for a move towards resistance at 116.55/56.
Failure to beat 114.95/00 risks a slide to good support at 114.75/65 for a buying opportunity. Longs need stops below 114.50. If we continue lower look for the next buying opportunity at 114.20/15.
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