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Price Signal Summary - Gilt Futures Trend Needle Still Points North

OUTLOOK
  • In the FI space, Bund futures trend direction is up and the latest pullback is considered corrective. Resistance at 141.94, the Nov 24 high, has recently been breached and moving average studies have crossed, to highlight a bull mode condition. Potential is seen for a climb to 143.00. Firm support has been defined at 139.13, the Nov 28 low.
  • Gilt futures are consolidating but the trend outlook is bullish and a positive price sequence of higher highs and higher lows remains intact. The bull trigger for a continuation of gains is 107.06, the Nov 24 high. Initial firm support lies at 104.79, the Nov 30 low.

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