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Price Signal Summary – Gilts Retain Bearish Bias

OUTLOOK
  • Bund futures fell further Wednesday, slipping to the week’s lowest levels ahead of the European close. The contract has extended lower through 135.08, the Jan 4 low. Moving average studies are in a bear-mode position, reinforcing current conditions and highlighting bearish sentiment.
  • Gilt futures fell further Tuesday, marking another bearish break for the contract. This confirms a reversal of the late January bullish theme, and opens next support at 102.19 initially, before the 100-dma of 101.88.

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