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Price Signal Summary - Gilts Pierce Resistance At 95.66

OUTLOOK
  • In the FI space, Bund futures maintain a firmer tone - for now - and the contract is trading closer to its recent highs. Price has recently traded through key resistance at 130.20, the Oct 12 high and a bull trigger. A clear break of this hurdle would strengthen current bullish conditions. This would open 131.33, 76.4% of the Sep 1 - Oct 4 downleg. Firm support to watch is 128.31, the Oct 27 low. A breach would highlight a possible reversal. First support lies at 129.17, the 20-day EMA.
  • Gilt futures maintain a firmer short-term tone and price has traded higher today. The contract has recently cleared 93.82, 61.8% of the Oct 12 - 23 bear leg and 94.52, the 76.4% retracement point. Today’s gains have resulted in a print above 95.66, the Oct 12 high. A clear break of this hurdle would strengthen a bullish case and open 96.71, the Sep 20 high. Firm support to watch is 92.63, the Nov 1 low. First support is 93.89, the 50-day EMA.
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Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

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