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OUTLOOK: Price Signal Summary - Key Bund Resistance Remains Exposed

OUTLOOK
BulletMarketsFixed Income BulletsForeign Exchange Bullets
  • In the FI space, Bund futures continue to trade closer to their recent highs. The contract has breached 134.95, 76.4% of the Aug 5 - Sep 2 bear leg, exposing the key resistance and bull trigger at 135.66, the Aug 5 high. Clearance of this level would strengthen a bullish theme. The 20-day EMA marks the Initial firm support, at 134.23.
  • Gilt futures are holding on to their recent gains. The contract traded higher last week and a bull cycle is still in play. The latest round of gains have resulted in a break of 100.30, the Aug 14 high. This resumes the uptrend. 101.78 marks the next objective, a 1.00 projection of the Sep 2 - 6 - 9 price swing. Initial support is 100.64, the Sep 10 high.
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  • In the FI space, Bund futures continue to trade closer to their recent highs. The contract has breached 134.95, 76.4% of the Aug 5 - Sep 2 bear leg, exposing the key resistance and bull trigger at 135.66, the Aug 5 high. Clearance of this level would strengthen a bullish theme. The 20-day EMA marks the Initial firm support, at 134.23.
  • Gilt futures are holding on to their recent gains. The contract traded higher last week and a bull cycle is still in play. The latest round of gains have resulted in a break of 100.30, the Aug 14 high. This resumes the uptrend. 101.78 marks the next objective, a 1.00 projection of the Sep 2 - 6 - 9 price swing. Initial support is 100.64, the Sep 10 high.