HALISTER1: Bund Futures Close Catalonia Gap Higher; Levels in Focus

Bund Futures Close Catalonia Gap Higher; Levels in Focus

(Bloomberg) -- Bund futures (RX1) technical levels in focus.
  • Daily Trend Bias: Neutral
  • Comment: Wednesday’s strong intraday rally failed to sustain and early session enthusiasm quickly evaporated; with this as a backdrop, Thursday risks are pointing lower, with the gap up fueled by Catalonia uncertainty now closed; MACD has remained sub-zero during the latest rebound phase
    • Resistance: 161.42 (pivot); 161.67; 161.82
    • Support: 161.16-10 (gap); 161.01; 160.76-65
  • 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 Neil Chatterjee

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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