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The EU FI Bull Rally Extends

FI TECHS

Below we summarise the next key resistance levels:

  • Bund (H1) trades above 178.38, 76.4% of the Nov 4 - 11 sell-off. Levels to watch:
    • RES 1: 178.89 High Nov 9.
    • RES 2: 179.01 High Nov 5.
    • RES 3: 179.17 High Nov 4 and key resistance.
  • Gilts (H1) are sharply higher and through 135.00. Look for gains towards:
    • RES 1: 135.67 1.236 proj of Nov 11 - 30 rally from Dec 2 low.
    • RES 2: 135.96 76.4% retracement of the Nov 5 - 11 sell-off (cont).
    • RES 3: 136.13 1.500 proj of Nov 11 - 30 rally from Dec 2 low.
  • BTPs (H1) uptrend extends and futures are above 152.00. This opens:
    • RES 1: 152.15 150.0% retracement proj of the Nov 30 - Dec 1 sell-off.
    • RES 3: 152.30 161.8% retracement proj of the Nov 30 - Dec 1 sell-off.
    • RES 2: 151.48 176.4% retracement proj of the Nov 30 - Dec 1 sell-off.

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