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Price Signal Summary - Fresh Trend High For Gilts And Bull Flag Confirmed

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Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income NewsForeign Exchange News
  • In the FI space, Bund futures traded sharply higher Thursday, extending the bounce from 135.76, the Nov 8 low. Price has pierced the 50-day EMA at 140.05. A clear break of this average would threaten the recent bearish theme and highlight a stronger short-term reversal. This would open 140.92, the Oct 28 high and 142.87, the Oct 4 high. The 20-day EMA is seen as initial support - it intersects at 138.11 today.
  • Gilt futures remain in a short-term uptrend and yesterday’s gains reinforce bullish conditions. The contract has cleared resistance at 104.39, the Oct 27 high and confirmed a resumption of the uptrend. Note too that the move higher also confirmed the recent bull flag formation on the daily chart. A continuation higher would open 106.25, the Sep 12 high. Key support is at 99.92, the Nov 8 low. Initial support is at 102.18, the 50-day EMA.
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  • In the FI space, Bund futures traded sharply higher Thursday, extending the bounce from 135.76, the Nov 8 low. Price has pierced the 50-day EMA at 140.05. A clear break of this average would threaten the recent bearish theme and highlight a stronger short-term reversal. This would open 140.92, the Oct 28 high and 142.87, the Oct 4 high. The 20-day EMA is seen as initial support - it intersects at 138.11 today.
  • Gilt futures remain in a short-term uptrend and yesterday’s gains reinforce bullish conditions. The contract has cleared resistance at 104.39, the Oct 27 high and confirmed a resumption of the uptrend. Note too that the move higher also confirmed the recent bull flag formation on the daily chart. A continuation higher would open 106.25, the Sep 12 high. Key support is at 99.92, the Nov 8 low. Initial support is at 102.18, the 50-day EMA.