Daily Forecast - 30 April 2014
Gilts June contract
Gilts have trend line support at 109.90 then Fibonacci support & last week's low at 109.80/75. Any longs need stops below 109.68 for a move towards 109.49/48. If this does not hold the downside look for 109.24/21.
Above 110.05 is more positive but resistance at 110.26/29 will need to be beaten for a move towards 110.55. A good chance of a high for the day but if we continue higher look for a retest of last week's high at 110.70/71. On a break higher this week we have a gap to fill at 110.90.
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