Technical forecast for Gilt

gilt4

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.

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason always had an interest in technical analysis throughout his trading career but began to study this area in depth from 2006. www.daytradeideas.com has established itself as the leading provider of... More