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10 Year Gilt December contract Daily Forecast - 13 September 2013Gilts for December opened above 107.50/54 which acted nicely as support & hit 108.00/03 for a selling opportunity with stops above 108.15. We topped at 108.14 but with a strong close we could push above here today to fill the gap at 108.38/41. We should struggle here as we become overbought short term but a break higher could then target 108.74/76 for a selling opportunity. Below 108.00 is more negative & target 107.84 then 107.70/65. A low for the day is possible here but watch for a break below 107.53/49 to trigger further selling pressure towards 107.36 then 107.20.
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