Free Trial

Price Signal Summary - Impulsive Gilts Bear Wave Extends

OUTLOOK
  • In the FI space, Bund futures remain in a bearish mode following last week’s move lower. Support at 134.99, the May 10 low, was breached and this strengthened the bearish theme. The focus is on key support at 133.10, the Apr 19 low. On the upside, key short-term resistance has been defined at 137.29, the May 11 high. Initial resistance is 135.19, the 20-day EMA.
  • Gilt futures remain in a bear mode position and the contract is trading lower again today. The move highlights a continued acceleration of the downtrend as the current impulsive bear wave extends. Sights are set on 97.00 next, the 2.00 projection of the May 3 - 10 - 11 price swing and 96.41, the 2.236 projection. Initial resistance is at today’s intraday high of 97.98. A firmer level is seen at 99.73, the Apr 19 low.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.