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Price Signal Summary - Watch Resistance In Gilts

OUTLOOK
  • In the FI space, the broader bearish theme in {GE} Bund futures remains intact. The focus is on 135.52, the Sep 28 low and key support. This level was probed on Oct 12, a clear break would confirm a resumption of the downtrend and open the 135.00 handle. Resistance is at 138.91, the 20-day EMA.
  • Gilt futures remain bearish following the reversal from last week’s high. The focus is on 90.99, Sep 28 low and bear trigger. This level has been pierced, a clear break would open the psychological 90.00 handle. Short-term gains are considered corrective. First resistance to watch is at 98.24, Friday’s high.

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