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Price Signal Summary - Bund Trend Needle Still Points North

OUTLOOK
  • In the FI space, Bund futures remain in an uptrend and the contract is holding on to the bulk of its recent highs. Price has cleared the 20- and 50-day EMAs and this strengthens the current bull cycle. A continuation higher would open 136.75, the May 16 high ahead of a key resistance at 137.29, the May 11 high. On the downside, initial firm support lies at 134.15, the May 30 low. A break is required to signal a bearish reversal. First support is at 135.06, the 50-day EMA.
  • Gilt futures have recovered from 94.21, the May 26 low. Recent gains are considered corrective and the primary short-term trend condition remains bearish. Moving average studies are in a bear-mode position highlighting a bear cycle. A resumption of weakness would open the 94.00 handle next. The bear trigger is 94.21, the May 26 low. Initial resistance is at 97.78, the May 23 high.
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

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