Resistance Thwarted

Yesterday we managed to break through the 103.00 point of resistance, and have continued to support yesterdays gains with profit today. This is important if our market is going to offer these low rates moving into the future. Sustainability is the name of the game at this point in time. I am optimistic that this week will prove advantageous for our market this week. Even so, look at where we are. High points like these make for attractive selling points. We could face a sell of leading to higher rates.

If you are happy with rates right now, take the money and run, if you willing to take a little risk however, a lower rate may be only a couple days away. The decision should be up to the client, make sure they are aware of just how low these rates are and the current danger of floating.