HALISTER1: Bund Futures Close Gap, Support at 162.93-84; Levels in Focus

Bund Futures Close Gap, Support at 162.93-84; Levels in Focus

(Bloomberg) -- Bund futures (RX1) technical levels in focus.
  • Daily Trend Bias: Neutral-to-Bullish
  • Comment: Opens higher before swift retreat to uncovered close at 162.16; market near a one- year high, with Sept. 2016 peak at 163.76 in focus; risk for the early-open ‘euphoria’ to fade with initial layer of support seen at 162.93-84 where buyers may turn active again
    • Resistance: 163.43; 163.53; 163.76
    • Support: 162.93-84; 162.72; 162.51; 162.22
  • 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)

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