Gilts: Support At 110.75/80
Jason Sen | May 30, 2014 02:07AM ET
September Gilt has support at 110.80/75 but a break below here adds pressure for 110.58 then 110.42/41 which could hold the downside. If we continue lower, look for a buying opportunity at 110.28/24.
A move above 110.88 is more positive and targets 111.00/01. If prices continue higher, look for a retest of the high this week at 111.14.
On a break higher we then target 111.22 and we should struggle here, but if prices continue higher look for a move towards 111.54.
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