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Technical Forecast for CGB (Ten-Year Government of Canada Bond)

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Technical Forecast for CGB Ten-Year Government of Canada Bond

 


Ten-Year Government of Canada Bond did manage a push higher look to 131.70/71 which hold the topside exactly as predicted. However a break higher is possible today to see a gap to fill at 131.96 for a selling opportunity with stops on shorts above 132.10.


 


Below 131.40 is more negative. We have support in the 131.02/130.95 band but the daily chart looks negative so be ready to go with a break lower to target 130.65/60.

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Posted-In: Bonds Technicals Markets Trading Ideas

 

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