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Price Signal Summary - Key Resistance In Bunds Remains Exposed

OUTLOOK
  • In the FI space, a strong rally in Bund futures on Aug 23 resulted in a break of resistance at the 20- and 50-day EMA values. That move higher continues to threaten the recent bearish theme and signals scope for a stronger recovery. Yesterday’s gains reinforce this theme. This has exposed 133.45, the Aug 8 high and the next key resistance. Initial firm support to watch lies at 131.20, the Aug 23 low. A break of this level would instead be seen as a bearish development.
  • Gilt futures traded higher Thursday and cleared resistance at 95.11, the Aug 24 high. This strengthens the current bull cycle and signals scope for a stronger corrective phase. The break opens 95.82, the Aug 10 high (cont). On the downside, initial support lies at 94.14, the Aug 29 low. A break would signal a possible reversal. The key support and bear trigger lies at 91.47, the Aug 17 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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