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Price Signal Summary - Short-Term Bund Futures Outlook Remains Bullish

OUTLOOK
  • In the FI space, Bund futures traded higher last week and the contract remains closer to its recent highs, despite today’s pullback. The contract has cleared the 20-day EMA and short-term signals suggest potential for a continuation higher near-term. Sights are on 137.76 next, 50.0% retracement of the Dec 7 - Jan 3 bear leg. On the downside, initial firm support is at 135.08, the Jan 4 low.
  • Gilt futures traded higher Friday, ending the week on a firm note as price extends the recovery from 99.18, the Dec 28 low. The contract has breached the 20-day EMA and sights are set on 103.12, 50.0% retracement of the Nov 24 - Dec 28 low. On the downside, initial firm support lies at 101.02, the Jan 4 low

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