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Price Signal Summary - Key Support In Bunds Stays Intact - For Now

OUTLOOK
  • In the FI space, Bund futures rallied Wednesday, trading through resistance at 137.24, Monday’s high. A continuation higher would pave the way for strength towards 138.00 next. Wednesday’s gains leave support 133.61 intact, the 20-day EMA. A reversal lower and a break of this level is required to signal scope for a deeper retracement. For now though the outlook remains bullish but volatile. Initial support lies at 135.65, 50.0% of Wednesday’s rally.
  • Gilt futures remain volatile and the contract recovered from yesterday’s 103.12 low. For now, the outlook is bullish and a resumption of gains would signal scope for a climb towards 106.88, the Feb 6 high on the continuation chart. On the downside, firm support is seen at the 20-day EMA, where a break would strengthen any developing bearish threat. The average intersects at 102.03. Initial support to watch lies at 103.54, 38.2% of the entire rally from Feb 28.
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Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

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