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Price Signal Summary - Gilt Futures Uptrend Remains Intact

OUTLOOK
  • In the FI space, Bund futures remain in a short-term uptrend. Price has traded above the 50-day EMA at 139.94. A clear breach of this line would highlight a stronger short-term reversal and open 141.74, the Oct 5 high. The 20-day EMA marks initial support - it intersects at 138.78.
  • Gilt futures remain in an uptrend. Last week’s gains confirmed an extension of the current bull cycle. Furthermore, the recent break of 104.39, Oct 27 high, confirmed a bull flag formation on the daily chart, reinforcing current conditions. This has opened 108.00 and 108.59, 61.8% of the Aug 2 - Oct 12 bear leg. Initial firm support lies at 102.86, the 50-day EMA.

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