HALISTER1: Bund Futures Challenging Double Average Support; Levels in Focus

Bund Futures Challenging Double Average Support; Levels in Focus

(Bloomberg) -- Bund futures (RX1) technical levels in focus.
  • Daily Trend Bias: Bearish
  • Comment: Heavy tone prevails after FOMC as market arrives at the 160.71-67 (100-, 55-DMAs) support region; daily momentum tools have further downside scope, skewing risks lower in bunds; oversold signs to be monitored closer to 160.25-07 area (200-DMA, cloud base)
    • Resistance: 161.05 (pivot); 161.41; 161.82
    • Support: 160.71-67; 160.50-44; 160.25-07
  • NOTE: Roll-adjusted by difference in GFUT
  • NOTE: Sejul Gokal is a FICC technical strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice
To contact the reporter on this story: Sejul Gokal in London at sgokal1@bloomberg.net To contact the editors responsible for this story: Ven Ram at vram1@bloomberg.net Anil Varma

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283