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Price Signal Summary - Gilt Futures Trend Needle Points North

OUTLOOK
  • In the FI space, Bund futures remain in a short-term uptrend. Price has recently cleared the 50-day EMA, highlighting a stronger short-term reversal. Resistance at 142.87, the Oct 4 high has been pierced and this opens 143.87, the Sep 14 high. The 20-day EMA marks initial firm support - it intersects at 140.50.
  • Trend conditions in Gilt futures remain bullish and a positive price sequence of higher highs and higher lows remains intact. Furthermore, moving averages are in a bull mode set-up. The bull trigger for a continuation of gains is 107.06, the Nov 24 high. Initial firm support lies at 104.78, the Nov 23 low.

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