HALISTER1: Bund Futures Cool Off to Gap Support Zone; Levels in Focus

Bund Futures Cool Off to Gap Support Zone; Levels in Focus

(Bloomberg) -- Bund futures (RX1) technical levels in focus.
  • Daily Trend Bias: Bullish
  • Comment: Despite Tuesday’s exhaustive contract spike above June highs, bid tone prevails while above the risk-off induced gap area at 164.76-165.03
    • Resistance: 165.31-36; 165.53; 165.69
    • Support: 164.92; 164.76-75 (uncovered close, piv s2); 164.58 (13-EMA); 164.36-25
  • 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 Scott Hamilton

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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