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Price Signal Summary - Bund Trade Through The 50-Day EMA

OUTLOOK
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • In the FI space, Bund futures traded higher Wednesday, extending the recovery from 131.54, the Mar 18 low. The contract has also breached the 50-day EMA - at 132.97. The clear break of this EMA is a bullish development and a continuation higher would open the key resistance at 134.15, the Mar 8 high. Key support has been defined at 131.23, the Feb 29 low. Clearance of this level is required to confirm a resumption of the downtrend that started last December.
  • Gilt futures continue to trade closer to their recent highs. A resumption of gains would expose key short-term resistance at 100.37, the Mar 13 low, where a break would strengthen any developing bullish theme. Key short-term support has been defined at 98.05, the Mar 15 low. A break would be bearish. For now, 98.05 and 100.37 remain the key short-term directional triggers.
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  • In the FI space, Bund futures traded higher Wednesday, extending the recovery from 131.54, the Mar 18 low. The contract has also breached the 50-day EMA - at 132.97. The clear break of this EMA is a bullish development and a continuation higher would open the key resistance at 134.15, the Mar 8 high. Key support has been defined at 131.23, the Feb 29 low. Clearance of this level is required to confirm a resumption of the downtrend that started last December.
  • Gilt futures continue to trade closer to their recent highs. A resumption of gains would expose key short-term resistance at 100.37, the Mar 13 low, where a break would strengthen any developing bullish theme. Key short-term support has been defined at 98.05, the Mar 15 low. A break would be bearish. For now, 98.05 and 100.37 remain the key short-term directional triggers.