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Sell-Off Extends Exposing Important Support Levels

FI TECHS

FI markets are under pressure today and approaching some important technical support levels:

  • BUND futures (H1) has probed 177.00. This exposes:
    • SUP 1: 176.81 - Short-term trendline drawn off the Jan 12 low
    • SUP 2: 176.63 - Jan 22 low
    • SUP 3: 176.34 - Jan 12 low and the key support
  • Gilts (H1) have sold off sharply and breached 134.00 offsetting recent positive price developments. The move lower exposes:
    • SUP 1: 133.79 - Jan 21 low
    • SUP 2: 133.55 - Jan 12 low and a key short-term bear trigger
  • Treasuries (H1) are also pulling away from recent high. A deeper pullback would expose:
    • SUP 1: 136-23+ - Low Jan 21
    • SUP 2: 136-13 - 76.4% retracement of the Jan 12 - 27 rally
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