HALISTER1: Bund Futures Eye Triangular Break for Direction; Levels in Focus

Bund Futures Eye Triangular Break for Direction; Levels in Focus

(Bloomberg) -- Bund futures (RX1) technical levels in focus.
  • Daily Trend Bias: Bullish w/caution
  • Comment: Small losses posted Wednesday and RSI line at neutrality (50) obscures the immediate outlook; as such, caution is required and participants should monitor the upper (161.68) and lower boundary (160.82) or a ‘triangulation’ in place since late September
    • Resistance: 161.52; 161.68; 161.82; 161.98
    • Support: 161.17; 161.11; 161.07-05; 161.01; 160.85; 160.59
  • 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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