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OUTLOOK: Price Signal Summary - Pullback In Gilts Appears Corrective

OUTLOOK
BulletMarketsFixed Income BulletsForeign Exchange Bullets
  • In the FI space, Bund futures have pulled back from their recent highs. Despite the move lower, a bullish theme remains intact. Gains last week confirmed a resumption of the uptrend that started Sep 2. Attention is on the key resistance and bull trigger at 135.66, the Aug 5 high. The 20-day EMA marks the initial firm support, at 134.28. A break of this EMA would highlight a potential reversal.
  • A bull cycle in Gilt futures is still in play and the recent pullback is considered corrective. The latest round of gains have resulted in a break of 100.30, the Aug 14 high. This resumes the uptrend and opens 101.78, a 1.00 projection of the Sep 2 - 6 - 9 price swing. Firm short-term support has been defined 99.29, the Sep 9 low. Initial support is 100.01, the 20-day EMA.
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  • In the FI space, Bund futures have pulled back from their recent highs. Despite the move lower, a bullish theme remains intact. Gains last week confirmed a resumption of the uptrend that started Sep 2. Attention is on the key resistance and bull trigger at 135.66, the Aug 5 high. The 20-day EMA marks the initial firm support, at 134.28. A break of this EMA would highlight a potential reversal.
  • A bull cycle in Gilt futures is still in play and the recent pullback is considered corrective. The latest round of gains have resulted in a break of 100.30, the Aug 14 high. This resumes the uptrend and opens 101.78, a 1.00 projection of the Sep 2 - 6 - 9 price swing. Firm short-term support has been defined 99.29, the Sep 9 low. Initial support is 100.01, the 20-day EMA.