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Price Signal Summary - Gilts Pierce A Key Key Short-Term Support

OUTLOOK
  • In the FI space, Bund futures are trading lower and a bearish threat remains present. A continuation would refocus attention on key support and the bear trigger at 131.23, the Feb 29 low. Clearance of this level would confirm a resumption of the downtrend that started last December and open 130.60, a Fibonacci projection. On the upside, a break of 133.48, the Mar 27 high, is required to reinstate a bullish theme. Initial resistance is at 132.89, the 50-day EMA.
  • A bear threat in Gilt futures remains present and the contract is trading lower today. Sights are on the key short-term support at 98.05, the Mar 15 low. This level has been pierced, a clear break would strengthen a bearish theme and signal scope for an extension towards 97.67, 76.4% of the Feb 29 - Mar 12 rally. On the upside, key resistance and the bull trigger is unchanged at 100.37, Mar 12 high. Initial resistance is 99.37, the Apr 4 high.
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

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