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Price Signal Summary - Trend Direction In Bunds Remains Down

OUTLOOK
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income NewsForeign Exchange News
  • In the FI space, Bund futures are consolidating. The trend outlook remains bearish and short-term gains are considered corrective. Last week’s move lower confirmed a resumption of the primary downtrend and maintains the price sequence of lower lows and lower highs. The focus is on the 130.00 handle next. Initial firm resistance is seen at 132.88, the 20-day EMA. The bear trigger is 130.35, the Mar 2 low.
  • Gilt futures remain above 99.20, the Feb 28 low. Despite the recent bounce, trend conditions are bearish and last week’s lows reinforce the current direction. The move down maintains the price sequence of lower lows and lower highs. An extension would open 99.17, the 1.382 projection of the Feb 20 - 23 - 24 price swing. On the upside, resistance is seen at 100.98, the Feb 27 high.
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  • In the FI space, Bund futures are consolidating. The trend outlook remains bearish and short-term gains are considered corrective. Last week’s move lower confirmed a resumption of the primary downtrend and maintains the price sequence of lower lows and lower highs. The focus is on the 130.00 handle next. Initial firm resistance is seen at 132.88, the 20-day EMA. The bear trigger is 130.35, the Mar 2 low.
  • Gilt futures remain above 99.20, the Feb 28 low. Despite the recent bounce, trend conditions are bearish and last week’s lows reinforce the current direction. The move down maintains the price sequence of lower lows and lower highs. An extension would open 99.17, the 1.382 projection of the Feb 20 - 23 - 24 price swing. On the upside, resistance is seen at 100.98, the Feb 27 high.