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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.
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

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