CGB: Smashed Through 135.77, Stalled At 135.90

Published 04/05/2013, 01:07 AM
CGB
Ten-Year Government of Canada Bond smashed through 135.77 but could not break 135.90. The strong close could see us break higher today though & reach for 136.05/15. Watch for sellers here with the 200 day MA offering further resistance at 136.21. It may be worth trying shorts here with a stop above 136.35 as a break higher then targets 136.53/59.

Support on a pullback is at 135.63 then 135.48 could see us bottom out. However longs need a stop below 135.30 as we then look for 135.01 & an excellent buying opportunity.

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