October 05, 2022 10:10 GMT
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income NewsForeign Exchange News
- In the FI space, Bund futures remain in a downtrend, however, the contract has entered a short-term bullish corrective cycle. Price has cleared the 20-day EMA. This opens 143.68, 38.2% retracement of the Aug 2 - Sep 28 bear leg.
A strong rally on Sep 28 in Gilt futures led to a short-term reversal. In pattern terms, the Sep 28 session was an engulfing candle and signals scope for a continuation higher near-term. Attention is on resistance at the 20-day EMA, at 101.29.