Technical Forecast for Gilt
August 05, 2013 at 10:47 AM EDT
Gilts continued lower as predicted to the 111.32/29 level & bottomed almost exactly here. We rallied sharply to Thursday’s low at 12.00/02 but we should struggle here again today. Only a break above the short term Fibonacci & trend line resistance at 112.15/20 allows further gains towards 112.50/57 for a