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Price Signal Summary - FI Futures Trend Conditions Remain Bullish

OUTLOOK
  • In the FI space, Bund futures remain in a short-term uptrend despite the latest pullback. Last week’s breach of 141.09, the Nov 17 high, reinforced bullish conditions and confirmed a resumption of the current uptrend. Price has also cleared the 50-day EMA, highlighting a stronger short-term reversal. The focus is on 142.87, the Oct 4 high. The 20-day EMA marks initial firm support - it intersects at 139.87.
  • Trend conditions in Gilt futures remain bullish. Fresh cycle highs last week maintain the bullish price sequence of higher highs and higher lows and moving averages appear to be highlighting a bull mode set-up. If confirmed this would reinforce the uptrend. The bull trigger for a continuation of gains is 107.06, the Nov 24 high. Initial firm support lies at 104.78, the Nov 23 low.

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