Technical forecast for Gilts

Gilts for December failed again just below 108.20. Below 107.80 keeps the market under pressure for 107.55/45 then 107.26 before a test of last week’s low at 107.16. We are in a strong bear trend so a break below 106.98 cannot be ruled out & signals continued losses this week towards 106.80 then 106.64.

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Technical forecast for Gilts

Gilts for December held Thursday’s range beating 107.77/82 to fail just below 108.20. Watch 108.20/24 as a break higher fills the gap at 108.41. Any shorts here need