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Price Signal Summary - Bear Channel Breakout in Bunds

OUTLOOK
  • In the FI space, Bund futures traded higher Thursday and in the process confirmed a clear break of resistance at the 50-day EMA - at 133.26. The clear break signals scope for an extension and opens 134.18 next the Feb 15 high. Note that the break higher has also resulted in a bear channel breakout - drawn from the Dec 27 high. Clearance of 134.18 would open 134.78, 50.0% of the Dec 27 - Feb 29 bear cycle. On the downside, the bear trigger lies at 131.23 the Feb 29 low. First support is 132.36, the Mar 5 low.
  • Gilt futures traded higher Thursday, extending the recovery from last week’s low. Resistance at 98.53, the Feb 26 high, has recently been cleared. The break eases recent bearish pressure and instead signals scope for a continuation higher near-term. 99.00 has also been cleared and sights are on the 100.00 handle next. Initial support is at 98.33, the Mar 5 low.
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

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