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Price Signal Summary - Uptrend In Bunds Remains Intact

OUTLOOK
  • In the FI space, Bund futures remain in a short-term uptrend and the latest pullback is considered corrective. The recent breach of the 50-day EMA signals scope for an extension and opens 134.18 next the Feb 15 high. Note that the break higher last week 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. 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. Resistance at 98.53, Feb 26 high, has recently been cleared. The break signals scope for a continuation higher near-term with sights on 100.50 next, a 1.618 projection of the Feb 29 - Mar 1 - 4 price swing. Initial support is 98.33, Mar 5 low. Today’s pullback is considered corrective.
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

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