HALISTER1: Bund Futures Eye 161.37 October Low; Double Fibonacci Defended

Bund Futures Eye 161.37 October Low; Double Fibonacci Defended

(Bloomberg) -- Dec. 2016 bund futures contracts may extend losses to 161.53-37 support zone after Trump-led spike fades at double-Fibonacci area at 163.28-33, Bloomberg technical analyst Sejul Gokal writes.
  • See chart
  • Closes overnight gap at 161.77 -- yesterday’s close -- before bouncing on ECB comments
  • Interim support at 161.69, the low on Nov. 8
    • Intraday resistance at 162.46 and 162.63-66
  • Bund futures now +32 ticks to 162.24
  • NOTE: USD long-end rates turn focus to potential for fiscal stimulus: More
  • NOTE: Sejul Gokal is a technical strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

To de-activate this alert, click here

UUID: 7947283