ERH3 97.12/97.00/96.875/96.75 p condor bought for 8 in 6k
OUTLOOK: Price Signal Summary - Gilt Futures Trend Needle Points North
Jan-11 10:58
In the FI space, Bund futures remain in an uptrend following last week’s gains and despite pulling back from its recent highs. Price has traded through the 20-day EMA and short-term signals suggest scope for a continuation higher near-term. Sights are on 137.76 next, 50.0% retracement of the Dec 7 - Jan 3 bear leg. Initial firm support is at 135.08, Jan 4 low.
Gilt futures remain in a short-term uptrend following the recovery from 99.18, Dec 28 low. The contract has breached the 20-day EMA and sights are set on 103.12, 50.0% retracement of the Nov 24 - Dec 28 low. On the downside, initial firm support lies at 101.02, the Jan 4 low.
OPTIONS: Expiries for Jan11 NY cut 1000ET (Source DTCC)