Free Trial

Price Signal Summary - Bear Threat In Bund Futures Remains Present

OUTLOOK
  • In the FI space, Bund futures remain in a bear mode condition and gains are considered corrective. Moving average studies have recently crossed and are in a bear-mode set-up, highlighting a downtrend, The focus is on 131.49 next, the 61.8% retracement of the Oct 4 - Dec 27 bull phase. Initial resistance is 133.62, the 20-day EMA.
  • A bear threat in Gilt futures remains present despite the latest recovery. Key support at 97.57, the Jan 25 low, has recently been cleared. The break confirmed a resumption of the downtrend and opens 96.67, the Dec 5 low. On the upside, initial firm resistance is seen at 98.48, the 50-day EMA. Key resistance and the reversal trigger is at 100.62, the Feb 1 high.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.