HALISTER1: Bund Futures Confirm Bullish Reversal; Levels in Focus

Bund Futures Confirm Bullish Reversal; Levels in Focus

(Bloomberg) -- Bund futures (RX1) technical levels in focus.
  • Daily Trend Bias: Bullish
  • Comment: Downside exhaustion confirmed following Monday’s bullish session; contract convincingly eclipses the Friday high of 161.30, which shifts the trend bias higher; bulls seen charging higher toward 161.82-98 where profit-take interest likely to reside
    • Resistance: 161.49; 161.60-66; 161.76-82; 161.98
    • Support: 161.34 (daily pivot); 161.18; 161.07; 160.92
  • 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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