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Price Signal Summary - Bunds Corrective Bounce Extends

OUTLOOK
  • In the FI space, Bund futures recovered Monday and the contract is trading higher today. Short-term gains are considered corrective and a downtrend remains intact - the current bear phase started Dec 7. Resistance to watch is at the 20-day EMA, which intersects at 136.47. Key support and the bear trigger lies at 132.60, Monday’s low.
  • Gilt futures have traded higher today and have recovered from recent lows. Short-term gains are also considered corrective with resistance seen at 102.03, the 20-day EMA. On the downside, the bear trigger has been defined at $99.18, the Dec 28 low.

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