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Price Signal Summary - Trend Needle In Gilts Points North

OUTLOOK
  • In the FI space, the latest pullback in {GE} Bund futures is likely a correction and the contract remains above support. Recent trend highs confirmed a resumption of the bull cycle and this maintains a price sequence of higher highs and higher lows. A resumption of gains would open 141.70, the Dec 13 high. Initial firm support is at 137.53, the Jan 16 low. A break would threaten the bullish theme.
  • Gilt futures remain in an uptrend. Recent trend highs have confirmed a resumption of the short-term uptrend and resulted in a break of 105.20, the 76.4% retracement of the Nov 24 - Dec 28 bear leg. This signals potential for a climb towards the 106.00 handle next ahead of 107.06 further out, the Nov 24 high and a key resistance. On the downside, initial firm support has been defined at 103.21, the Jan 17 low. A break would threaten the recent recovery.
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

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