January 31, 2025 12:39 GMT
OUTLOOK: Price Signal Summary - Bunds Clear Resistance
OUTLOOK
BundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletMarketsFixed Income BulletsForeign Exchange Bullets
- In the FI space, Bund futures are trading higher today. The contract is through resistance at 132.22, the Jan 22 high, and has cleared the 20-day EMA. The break higher confirms a resumption of the corrective bull cycle that started Jan 14. This signals scope for an extension towards 132.99 next, the 50-day EMA and the next key resistance. Firm short-term support has been defined at 131.00, the Jan 16 / 24 low.
- Recent gains in Gilt futures continue to highlight a corrective phase and signal scope for a continuation higher near-term. Yesterday's high print reinforces current conditions. The contract has traded through the 20-day EMA and the focus is on 93.09, the Dec 20 high. The bear trigger has been defined at 88.96, the Jan 13 low. Initial support is at 91.52, the Jan 24 low.
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