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Price Signal Summary - Bear Threat In Bund Futures Remains Present

OUTLOOK
  • In the FI space, Bund futures remain above recent lows. A bearish threat remains present and a stronger resumption of weakness would refocus attention on key support and the bear trigger at 131.23, the Feb 29 low. Clearance of this level would confirm a continuation of the downtrend that started last December. On the upside, a break of 133.48, the Mar 27 high, is required to reinstate a bullish theme.
  • Despite the latest bounce, a bear threat in Gilt futures remains present. A continuation lower would signal scope for a test of key short-term support at 98.05, the Mar 15 low. Clearance of this level would strengthen a bearish theme. On the upside, key resistance and the bull trigger is unchanged at 100.37, the Mar 12 high. Initial resistance is at 99.37, the Apr 4 high.
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Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

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