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Price Signal Summary - Gilt Futures Maintain A Softer Tone

OUTLOOK
  • In the FI space, Bund futures are consolidating. A weaker tone remains in place and the contract is trading closer to its recent lows. The move below the 20-day EMA risks a deeper correction, which would open the key support at the Dec 8 low of 134.37. Momentum studies are pointing south, highlighting the short-term bearish threat. On the upside, a resumption of gains would open 138.84, the Dec 27 high and a bull trigger. Initial resistance is at 136.16, the 20-day EMA.
  • Gilt futures are consolidating and maintain a softer tone with the contract trading closer to its recent lows. Last week’s move lower resulted in a break of the 20-day EMA, suggesting scope for a continuation of the current bear cycle. This has exposed support at 98.97, the Dec 6 high. On the upside, initial firm resistance to watch is at 101.98, the Jan 3 high. A break would ease bearish pressure.
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

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