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Price Signal Summary - Bunds Pierce Resistance At The 20-Day EMA

OUTLOOK
  • In the FI space, Bund futures have traded higher today and in the process, the contract has pierced resistance at 133.14, the 20-day EMA. A clear break of this average would signal scope for an extension and open the 50-day EMA, at 133.68. The trend condition remains bearish and the latest bounce appears to be a correction. The bear trigger lies at 131.62, the Feb 29 low. A break would open 131.49 next, 61.8% of the Oct 4 - Dec 27 bull phase.
  • Gilt futures have traded higher today, extending the recovery from last week’s low. Resistance at 98.53, the Feb 26 high, has been pierced. A clear break of this hurdle would ease recent bearish pressure and instead signal scope for a continuation higher near-term, opening the 99.00 handle next ahead of 99.13, the 1.382 retracement of the Feb 26 - 29 bear leg. Key support and the bear trigger has been defined at 96.83, the Feb 29 low.
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

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