Bund Futures Falter Near 61.8% Fibonacci; May Test 160.43
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Dec. 2016 bund futures contracts pulling back from day’s high near 161.64 resistance, weighted by report that ECB is seeking to lend out more bonds, Bloomberg technical analyst Sejul Gokal writes.
Alert: HALISTER1- See chart; now -46 ticks to 160.97 vs. 161.72/160.73 range
- Support at 160.70 (yesterday’s low), 160.43 (50% of Nov. 14 corrective bounce to today) and 160.13 (61.8% Fibonacci)
- ECB Said to Look for Ways to Lend Out More Government Bonds
- NOTE: Nov. 17, Bund Futures Corrective Bounce Eyes 161.64
- 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.
Source: BFW (Bloomberg First Word)
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UUID: 7947283