CGB: Possible Retest At 136.53/59

Published 04/09/2013, 03:01 AM
CGB
Ten-Year Government of Canada Bond drifted back from 136.53/59 as expected to hit our first target of 135.97/93 and held exactly here. However we could remain under pressure today for a test of better support at 135.71/67. Look for a low here but longs need a stop below 135.60 for 135.46.

Resistance at 136.15 today then 136.39/42 but above here a retest of 136.53/59 is possible. This should be a tough obstacle again and worth trying shorts with a stop above 136.69 for 136.90/96 resistance. Watch for a top here and perhaps a high for the week so we can try shorts but with a stop above 137.12.

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