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OUTLOOK: Price Signal Summary - Gains In Bunds Appear Corrective

OUTLOOK
BundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • In the FI space, the rebound in Bund futures on Friday appears to be corrective - for now. The contract has traded through the 20-day EMA and attention turns to key short-term resistance at 132.97, the Feb 13 high. Clearance of this level would signal a reversal. On the downside, the short-term bear trigger has been defined at 131.26, the Feb 19 low. A break of this level would resume the bear cycle that started Feb 5.
  • A bull cycle in Gilt futures has moderated, but remains the underlying theme, meaning recent weakness still appears corrective for now. Initial resistance to watch is 93.50, the Feb 13 high. A break of this level would highlight an early bullish reversal signal and refocus attention on the key short-term resistance at $94.35, the Feb 6 high. On the downside a continuation lower would instead expose the next important support at 91.52, the Jan 24 low.
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  • In the FI space, the rebound in Bund futures on Friday appears to be corrective - for now. The contract has traded through the 20-day EMA and attention turns to key short-term resistance at 132.97, the Feb 13 high. Clearance of this level would signal a reversal. On the downside, the short-term bear trigger has been defined at 131.26, the Feb 19 low. A break of this level would resume the bear cycle that started Feb 5.
  • A bull cycle in Gilt futures has moderated, but remains the underlying theme, meaning recent weakness still appears corrective for now. Initial resistance to watch is 93.50, the Feb 13 high. A break of this level would highlight an early bullish reversal signal and refocus attention on the key short-term resistance at $94.35, the Feb 6 high. On the downside a continuation lower would instead expose the next important support at 91.52, the Jan 24 low.