Technical Forecast for Gilt

Gilts 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.