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Price Signal Summary - Bund Reversal Extends

OUTLOOK
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income NewsForeign Exchange News
  • In the FI space, Bund futures lower today as price extends the reversal from Monday’s high of 140.30. For now, the retracement is considered corrective and is allowing a recent overbought condition to unwind. The next support lies at 135.73, the Mar 16 low ahead of the key short-term support at 134.65, the 20-day EMA. A break of the 20-day EMA would highlight a stronger reversal. Initial resistance is at 138.42, today’s intraday high.
  • Gilt futures above support at 103.12, the Mar 15 low. The outlook is bullish - for now - and potential is seen for a climb towards the 108.00 handle. The contract traded higher Friday and again Monday to reinforce bullish conditions. Short-term pullbacks are considered corrective. Firm support is seen at the 20-day EMA, where a break would strengthen any developing bearish threat. The average intersects at 102.93.
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  • In the FI space, Bund futures lower today as price extends the reversal from Monday’s high of 140.30. For now, the retracement is considered corrective and is allowing a recent overbought condition to unwind. The next support lies at 135.73, the Mar 16 low ahead of the key short-term support at 134.65, the 20-day EMA. A break of the 20-day EMA would highlight a stronger reversal. Initial resistance is at 138.42, today’s intraday high.
  • Gilt futures above support at 103.12, the Mar 15 low. The outlook is bullish - for now - and potential is seen for a climb towards the 108.00 handle. The contract traded higher Friday and again Monday to reinforce bullish conditions. Short-term pullbacks are considered corrective. Firm support is seen at the 20-day EMA, where a break would strengthen any developing bearish threat. The average intersects at 102.93.