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Price Signal Summary - Bund Futures Trend Direction Remains Down

OUTLOOK
  • In the FI space, Bund futures traded lower last week to extend the current bear phase that started Dec 7. The contract has maintained a bearish tone this week. Recent weakness resulted in a break of support at 139.13, Nov 28 low, strengthening a bearish threat. The focus is on 135.00 next. On the upside, initial firm resistance is seen at 139.32, the 20-day EMA.
  • Gilt futures remain bearish and the contract traded lower Tuesday, extending the current bearish leg. This week’s price action has resulted in a clear break of support at 103.54, the Nov 21 low. This has strengthened the current downtrend and signals scope for a deeper pullback - towards the 100.00 psychological support.
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

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