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Price Signal Summary - Gilts Clear Key Resistance To Resume The Broader Uptrend

OUTLOOK
  • In the FI space, Bund futures rallied sharply higher Thursday and cleared initial resistance at 137.90, the 50-day EMA. The break signals potential for stronger near-term gains and note that price has also breached resistance at 139.36, the Jan 25 high. A continuation higher would expose 140.73, the Jan 19 high and a bull trigger. A break of this level would strengthen a bullish case. Key support and the bear trigger has been defined at 136.38, the Jan 30 low. Initial support is at 137.90, the 50-day EMA.
  • Gilt futures traded sharply higher Thursday and in the process cleared 106.00 and more importantly breached 107.06, the Nov 24 high and a key resistance. The break confirms a resumption of the uptrend and maintains the current bullish price sequence of higher highs and higher lows. The focus is on the 108.00 handle next. Initial firm support to watch lies at 104.04, the Jan 30 low. First support lies at 105.99, the Jan 25 high and a recent breakout level.
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

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