Gilts: Rockets Through 112.21/26
Jason Sen | Aug 14, 2014 07:23AM ET
Gilts hit the 111.66 target and rocketed through 112.21/26 to our target of 112.46/51. A break above 112.60/62 today could then lead to a retest of Friday's high and resistance at 112.80/85 which is expected to hold a move higher again this week. However an unexpected break could target 113.15/20.
Immediate support is 112.25/20 but below here we could reach 111.85. This should hold the downside but a break lower is more negative. Go with the break for a move towards 111.66/64 then good support at 111.56/53 for a buying opportunity.
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