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Price Signal Summary - Gilts Breach Resistance

OUTLOOK
  • In the FI space, Bund futures maintain a firmer short-term tone following last week’s gains and this week’s continuation higher. The contract traded above 132.09 last week, the Nov 17 high, confirming a resumption of the uptrend. The break higher maintains the bullish price sequence of higher highs and higher lows and sights are on 135.21 next, the 2.00 projection of the Nov 13 - 17 - 24 price swing. Initial firm support lies at 131.99, the 20-day EMA. First support is 133.42, the Dec 4 low.
  • Gilt futures rallied sharply higher Tuesday and in the process traded above resistance at 98.05, the Nov 17 high. This reinforces bullish conditions and confirms a resumption of the current uptrend. The break higher paves the way for a climb towards 98.78, a 1.00 projection of the Nov 24 - 29 - 30 price swing. On the downside, initial firm support lies at 96.10, the Nov 30 low. Key short-term trend support has been defined at 95.25, the Nov 24 low.
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

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