Free Trial

Price Signal Summary - Bund Futures Trend Needle Points South

  • In the FI space, Bund futures maintain a softer tone following last week’s move lower as the contract extended the pullback from 139.54, Mar 24 high. Price has breached a key support at the 20-day EMA which intersects at 135.56. It represents an important pivot level and the break strengthens a bearish threat. 134.80, the Mar 22 low, has been tested. A breach of this support would open 134.15, a Fibonacci retracement. Initial resistance is at 136.77, the Mar 30 high.
  • Gilt futures traded lower again Friday and the contract maintains a bearish short-term tone. Last week’s move down resulted in a break of support at the 20-day EMA which intersects at 103.68. The average represents an important short-term support and the clear break signals scope for a continuation lower near-term, towards 102.31 next, a Fibonacci retracement On the upside, initial resistance is seen at 104.47, last Thursday’s intraday high.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.