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Price Signal Summary - Bull Cycle In Bunds Remains In Play

OUTLOOK
  • In the FI space, Bund futures maintain a firmer tone and today’s move lower is likely a correction. Price has recently traded through a key resistance at 130.20, the Oct 12 high and a bull trigger. The break strengthens current bullish conditions and maintains a positive price sequence of higher highs and higher lows. Sights are on 131.33, 76.4% of the Sep 1 - Oct 4 downleg. Firm support to watch is 129.35, the Nov 7 low. A breach would highlight a possible reversal. First support lies at 129.32, the 20-day EMA.
  • Gilt futures maintain a firmer short-term tone and today’s pullback is considered corrective. The contract has recently cleared 93.82, 61.8% of the Oct 12 - 23 bear leg and 94.52, the 76.4% retracement point. Yesterday’s gains resulted in a print above 95.66, the Oct 12 high. A clear break of this hurdle would strengthen a bullish case and open 96.71, the Sep 20 high. Firm support to watch is 92.63, the Nov 1 low. First support is 93.97, the 50-day EMA.
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

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