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Gilts: Rockets Through 112.21/26

Published 08/14/2014, 07:23 AM
Updated 07/09/2023, 06:31 AM

Gilts Weekly Chart

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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