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Price Signal Summary - Bund Futures Test Support At The 20-Day EMA

OUTLOOK
  • In the FI space, Bund futures continue to test support at the 20-day EMA which intersects at 135.57. It represents an important pivot level and a clear break of the average is required to signal scope for a deeper pullback. This would open 134.80, the Mar 22 low. On the upside, initial resistance is today’s intraday high of 136.77.
  • Gilt futures traded lower Wednesday. This week’s move down has resulted in a break of support at the 20-day EMA which intersects at 103.74. The average represents an important short-term support and a clear break would signal scope for a continuation lower near-term, towards 102.84, the Mar 22 low. On the upside, initial resistance is seen at 104.47, today’s intraday high.
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Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

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