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Price Signal Summary - Trend Condition In FI Remains Bearish

OUTLOOK
  • In the FI space, the broader bearish theme in Bund futures remains intact. The focus is on 135.52, the Sep 28 low and key support. A break would confirm a resumption of the downtrend and open 135.27, the Mar 2012 low (cont).
  • Gilt futures remain bearish following the reversal from last week’s high. The focus is on 90.99, Sep 28 low and bear trigger. This level has been pierced, a clear break would open 90.57, 2.618 projection of the May 12 - Jun 16 - Aug 2 swing (cont).

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