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Price Signal Summary - Bear Flag Formation In Gilts

OUTLOOK
  • In the FI space, Bund futures maintain a softer tone. The recent move below the 20-day EMA highlights scope for a deeper correction, opening key support at the Dec 8 low of 134.37. Momentum studies are pointing south, highlighting the short-term bearish threat. On the upside, a resumption of gains would open 138.84, the Dec 27 high and a bull trigger. Initial resistance is at 135.95, the 20-day EMA.
  • Gilt futures are consolidating, maintaining a softer tone and recent price action appears to be a bear flag - a bearish continuation pattern. The recent breach of the 20-day EMA, also suggests scope for a continuation of the current bear cycle. This has exposed support at 98.97, the Dec 6 high. On the upside, initial firm resistance to watch is at 101.98, the Jan 3 high. A break would ease bearish pressure.
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Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

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