Free Trial

Price Signal Summary - Bunds Breach Key Support And The Bear Trigger

  • In the FI space, the broader bearish theme in Bund futures remains intact. The contract has cleared 135.14, the Oct 12 low, confirming a resumption of the primary downtrend. With 135.00 pierced, scope is seen for a continuation lower towards 134.65 next, a Fibonacci extension. On the upside, key short-term resistance has been defined at 138.52, the Oct 14 high.
  • The primary trend direction in Gilt futures is down. However, a corrective cycle remains in play and yesterday’s gains have reinforced the short-term bullish theme. Price has cleared and closed above the 20-day EMA. A continuation higher would signal scope for a test of key resistance at 100.92, Oct 4 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.