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Price Signal Summary - Bunds Test Resistance At The 50-Day EMA

OUTLOOK
  • In the FI space, Bund futures are trading higher today as the contract extends this week’s recovery. Price is testing resistance at the 50-day EMA - at 132.98. A clear break of this EMA would be a bullish development and a continuation higher would open the key resistance at 134.15, the Mar 8 high. On the downside, key support has been defined at 131.23, the Feb 29 low. Clearance of this level would resume the downtrend that started last December.
  • Gilt futures have traded higher today, as the recovery from 98.05, the Mar 15 low, extends. A continuation higher would expose key short-term resistance at 100.37, the Mar 13 low, where a break would strengthen any developing bullish theme. Key short-term support has been defined at 98.05, the Mar 15 low. A break would be bearish. For now, 98.05 and 100.37 mark the key short-term directional triggers.

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