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OUTLOOK: Price Signal Summary - Bull Cycle In Bunds Remains In Play

OUTLOOK
BulletMarketsFixed Income BulletsForeign Exchange Bullets
  • In the FI space, Bund futures have traded higher today and this confirms a resumption of the bull cycle that started Sep 2. The contract has breached 134.95, 76.4% of the Aug 5 - Sep 2 bear leg, and this exposes the key resistance and bull trigger at 135.66, the Aug 5 high. On the downside, initial firm support lies at 133.87, the 20-day EMA.
  • Gilt futures traded higher Tuesday and the contract remains firm, as it rallies today and, this confirms an extension of the current bull cycle. The climb has resulted in a break of 100.30, the Aug 14 high. This resumes the uptrend and maintains the price sequence of higher highs and higher lows. 101.78 marks the next objective, 1.00 projection of the Sep 2 - 6 - 9 price swing. On the downside, firm short-term support has been defined 99.29, the Sep 9 low.
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  • In the FI space, Bund futures have traded higher today and this confirms a resumption of the bull cycle that started Sep 2. The contract has breached 134.95, 76.4% of the Aug 5 - Sep 2 bear leg, and this exposes the key resistance and bull trigger at 135.66, the Aug 5 high. On the downside, initial firm support lies at 133.87, the 20-day EMA.
  • Gilt futures traded higher Tuesday and the contract remains firm, as it rallies today and, this confirms an extension of the current bull cycle. The climb has resulted in a break of 100.30, the Aug 14 high. This resumes the uptrend and maintains the price sequence of higher highs and higher lows. 101.78 marks the next objective, 1.00 projection of the Sep 2 - 6 - 9 price swing. On the downside, firm short-term support has been defined 99.29, the Sep 9 low.