Technical Forecast for Gilt

Gilts broke July’s low at 111.17 but only as far as 110.99. The daily chart outlook still negative but we are just getting oversold short term so the downside may be a little more limited. However a break below 110.90 could trigger a test of June lows at 110.48/33.

 

Resistance at 111.51/57 could hold the topside but above here look for 111.75/80, possibly 111.93/00 for a selling opportunity.