HALISTER1: Bund Futures Exposed to New 2017 Highs; Levels in Focus

Bund Futures Exposed to New 2017 Highs; Levels in Focus

(Bloomberg) -- Bund futures (RX1) technical levels in focus.
  • Daily Trend Bias: Bullish
  • Comment: Eroding last Fibonacci hurdle of Sept. decline at 162.68; this level guards the September/YTD peak at 163.43 which now looks exposed; daily MACD has comfortably settled above zero which supports offensive market conditions
    • Resistance: 162.78-82; 162.89; 163.01-06; 163.43
    • Support: 162.39-35; 162.15; 161.90
  • 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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