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Price Signal Summary - Gilt Futures Trend Needle Points North

OUTLOOK
  • In the FI space, Bund futures remain in an uptrend following last week’s gains and despite pulling back from its recent highs. Price has traded through the 20-day EMA and short-term signals suggest scope for a continuation higher near-term. Sights are on 137.76 next, 50.0% retracement of the Dec 7 - Jan 3 bear leg. Initial firm support is at 135.08, Jan 4 low.
  • Gilt futures remain in a short-term uptrend following the recovery from 99.18, Dec 28 low. The contract has breached the 20-day EMA and sights are set on 103.12, 50.0% retracement of the Nov 24 - Dec 28 low. On the downside, initial firm support lies at 101.02, the Jan 4 low.

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