Ten-Year Government of Canada Bond hit our selling opportunity at 129.96/130.00. We over ran as far as 130.09 but only a close above the 200 day moving average at 130.06 is now seen as positive for the market this week. Yesterday we hit 129.72/69 for profit taking on shorts and bottomed exactly here. If however we continue lower today look for support at 129.44 then good support at 129.30/25. Just be aware this week that a break lower should test March lows at 129.02.
A good chance resistance at 129.96/130.00 will hold a move higher today but shorts need stops above 130.10. Go with a break higher then for 130.21 and perhaps as far as strong resistance at 130.40/43 for a selling opportunity.