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Price Signal Summary - FI Futures Trend Direction Remains Up

OUTLOOK
  • In the FI space, Bund futures remain in an uptrend and Wednesday’s trend high reinforces bullish conditions. The latest pullback is considered corrective. Potential is seen for a climb to 143.00 next ahead of 143.68, 1.382 projection of the Oct 21 - 28 - Nov 8 price swing. Support is at 140.58, Dec 6 low.
  • Trend conditions in Gilt futures remain bullish and a positive price sequence of higher highs and higher lows remains intact. The bull trigger for a continuation of gains is 107.06, the Nov 24 high. Initial firm support lies at 104.79, the Nov 30 low.

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