Market Overview

Technical Forecast for Gilt

Technical Forecast for Gilt


Gilts reached 111.93/00 for a selling opportunity & topped exactly here. We are oversold short term & held just above June lows at 110.48/33. Yesterday’s price action could signal a recovery in to the end of the week & if we can hold support at 111.23 look for a test of resistance at 111.60/66 before another look at 111.91/00. Again a high for the day is likely but be ready to go with a break higher for 112.30/34 & a selling opportunity here today.


Below 111.23 risks a slide to 111.00 before 110.73. We then meet yesterday’s low at 110.55 & a good chance of a bounce from here again but on a break lower look for 110.48, possibly June lows at 110.33.

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Technicals Markets Trading Ideas


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