Gilts: Short Term Outlook Positive
Jason Sen | Mar 24, 2014 04:14AM ET
Gilts eventually beat 109.18/22 and closed above 109.43. Short term outlook is quite positive and we could continue higher today to 106.60/66 then a gap to fill at 109.75/80 for a selling opportunity and a high for the day expected, possibly a high for the week.
Immediate support is 109.25/22 but below here sees Friday's low of 109.03 before last week's low and good support at 108.88. The daily chart outlook is quite negative and break lower this week targets 108.74 then 108.61/58 and 108.46 before March lows at 108.31.
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