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Price Signal Summary - Key Short-Term Resistance In Bund Futures Remains Intact

OUTLOOK
  • In the FI space, Bund futures remain below last week’s high of 135.00 (Jun 27). Yesterday’s move lower marks an extension of the pullback from 135.00, the Jun 27 low. A continuation lower would signal scope for a test of key support and the bear trigger at 132.12, the May 26 low. On the upside, initial resistance is at 134.14, Monday’s high. A break of 135.00, the Jun 27 high, is required to highlight a reversal.
  • Recent gains in Gilt futures remain soft following the recent move lower with price trading below 97.00, the Jun 23 high. The medium-term trend condition is bearish - a continuation lower and a break of 93.88, the Jun 20 low, would confirm a resumption of the trend. On the upside, a fresh strong recovery would expose key resistance at 97.64, the Jun 1 high. 97.00 is the bull trigger, the Jun 23 high. Initial resistance is at 95.65, the 20-day EMA.
Fixed Income Technical AnalysisHomepagemarkets-real-timeCommoditiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
Fixed Income Technical AnalysisHomepagemarkets-real-timeCommoditiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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