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OUTLOOK: Price Signal Summary - Bunds Remain In A Bull Cycle

OUTLOOK
BundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • In the FI space, a bull cycle in Bund futures remains in play and the contract is holding on to the bulk of its recent gains. Price has recently traded through 136.37, the 76.4% retracement of the Oct 1 - Nov 6 bear leg. A clear break of this level strengthens a bullish theme and signals scope for a climb towards 137.72, the Oct 1 high. Initial firm support lies at 135.18, the 20-day EMA. First support lies at 134.93, the Nov 29 low.
  • A bullish corrective cycle in Gilt futures remains in play and recent gains reinforces current short-term conditions. Sights are on 96.67 next, a 2.500 projection of the Nov 18 - 19 - 20 price swing. On the downside, a reversal lower would refocus attention on the initial key support at 93.40, the Nov 18 low. A breach of this support would be a bearish development and highlight a reversal. First support lies at 95.17, the Nov 28 low.
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  • In the FI space, a bull cycle in Bund futures remains in play and the contract is holding on to the bulk of its recent gains. Price has recently traded through 136.37, the 76.4% retracement of the Oct 1 - Nov 6 bear leg. A clear break of this level strengthens a bullish theme and signals scope for a climb towards 137.72, the Oct 1 high. Initial firm support lies at 135.18, the 20-day EMA. First support lies at 134.93, the Nov 29 low.
  • A bullish corrective cycle in Gilt futures remains in play and recent gains reinforces current short-term conditions. Sights are on 96.67 next, a 2.500 projection of the Nov 18 - 19 - 20 price swing. On the downside, a reversal lower would refocus attention on the initial key support at 93.40, the Nov 18 low. A breach of this support would be a bearish development and highlight a reversal. First support lies at 95.17, the Nov 28 low.