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Price Signal Summary - Trend Signals In Gilts Remain Bullish

OUTLOOK
  • In the FI space, Bund futures are trading closer to their recent highs and remain above the 50-day EMA - at 133.29. The clear break of the EMA signals scope for an extension and opens 134.18 next the Feb 15 high. Note that the break higher has also resulted in a bear channel breakout - drawn from the Dec 27 high. Clearance of 134.18 would open 134.78, 50.0% of the Dec 27 - Feb 29 bear cycle. On the downside, the bear trigger lies at 131.23 the Feb 29 low. On the downside, the bear trigger lies at 131.23 the Feb 29 low. First support is 132.36, the Mar 5 low.
  • Gilt futures remain in a bull-mode set-up. The contract traded higher last week, extending the recovery from the Feb 29 low. Price is firmer again today. Resistance at 98.53, Feb 26 high, has recently been cleared. The break signals scope for a continuation higher near-term with sights on 100.31 next, the 1.50 projection of the Feb 29 - Mar 1 - 4 price swing. Initial support is 98.33, Mar 5 low.
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

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