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Price Signal Summary - Trend Needle In Bunds Points North

OUTLOOK
  • In the FI space, Bund futures maintain a firmer short-term tone and yesterday’s gains are a positive development, signalling the end of the recent corrective pullback. Sights are on resistance at 131.74, the Nov 17 high and bull trigger. A break would confirm a resumption of the uptrend and open 132.13, a 1.382 projection of the Oct 4 - 12 - 23 price swing. Firm support to watch is 129.35, the Nov 7 / 13 low. Clearance of this level would highlight a possible reversal. Initial support lies at 130.03, the 50-day EMA.
  • Gilt futures traded lower last week. The pullback is considered corrective - for now - and a bull cycle remains in play. Key short-term support is currently seen at 95.25, the Nov 24 low. The recovery from this level is a positive development and a continuation higher would open 98.05, the Nov 17 high and bull trigger. On the downside, a break of 95.25 would instead strengthen a bearish threat and expose 94.74, the 2.618 projection of the Nov 17 - 20 - 22 price swing.
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

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