HALISTER1: Bund Futures Hit 4-Mo. Low; 161.90-61 Support, RSI Oversold

Bund Futures Hit 4-Mo. Low; 161.90-61 Support, RSI Oversold

(Bloomberg) -- December bund futures (RXZ6) accelerate losses to hit 162.36, the lowest level since June 23. Oversold RSI augurs risk for tactical bounce ahead of good support within 161.90-61, Bloomberg technical analyst Sejul Gokal writes.
  • See chart
  • 161.90-61 support area comprised of channel base, 123.6% Fibonacci retracement and 200-DMA
  • Interim support at 162.17 (pivot s2)
  • 9-day RSI at 28, most oversold since late April
  • NOTE: Oct. 26, downside target support area at 162.81-56
  • NOTE: Sejul Gokal is a technical strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER: Vale 3Q Net Income $575m vs Loss of $2.12b Year Ago

Vale 3Q Net Income $575m vs Loss of $2.12b Year Ago

(Bloomberg) -- According to regulatory filing.
  • Sales up 13% y/y to $7.32b vs avg est. in USD of $7.34b, according to 9 analysts surveyed by Bloomberg
  • Adj. Ebitda up 61% y/y to $3.02b vs avg est. in USD of $2.7b, according to 9 analysts surveyed by Bloomberg
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
VALE5 BZ (Vale SA)

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HALISTER1: Norges Bank Rate Decision Due in 5 Minutes; Est. Rate at 0.50%

Norges Bank Rate Decision Due in 5 Minutes; Est. Rate at 0.50%

(Bloomberg) -- Norway’s Norges Bank policy rate est. unchanged at 0.50%, according to all but one of 29 forecasts in a Bloomberg News survey.
  • Press conference due 30 minutes after rate decision
  • NOTE: Cure for Negative Rates Is Fiscal Policy in This Nordic Example
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
1037Z NO (Norges Bank)

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UUID: 7947283