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Price Signal Summary - Bund Futures Continue To Climb

OUTLOOK
  • In the FI space, Bund futures remain in a short-term uptrend. Price has cleared the 50-day EMA, highlighting a stronger short-term reversal. Resistance at 142.87, the Oct 4 high has been pierced and this opens 143.87, the Sep 14 high. The 20-day EMA marks initial firm support - it intersects at 140.20.
  • Trend conditions in Gilt futures remain bullish. Fresh cycle highs last week maintain the bullish price sequence of higher highs and higher lows and moving averages appear to be highlighting a bull mode set-up. If confirmed this would reinforce the uptrend. The bull trigger for a continuation of gains is 107.06, the Nov 24 high. Initial firm support lies at 104.78, the Nov 23 low.

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