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Price Signal Summary - Fresh Trend High In Gilts

OUTLOOK
  • In the FI space, Bund futures remain in consolidation mode and price is trading closer to recent highs. The outlook is bullish. The contract has traded above the 50-day EMA at 139.96. A clear break of this average would highlight a stronger short-term reversal and open 141.74, the Oct 5 high. The 20-day EMA, at 139.08, marks initial support.
  • Gilt futures remain in an uptrend and the contract has traded higher today. This highlights a resumption of the uptrend and maintains a bullish price sequence of higher highs and higher lows. The focus is on 108.00 and 108.59, 61.8% of the Aug 2 - Oct 12 bear leg. Initial firm support lies at 105.00, the Nov 18 low.

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