HALISTER1: Bund Futures Form Inside Day Lower Ahead of ECB; Levels in Focus

Bund Futures Form Inside Day Lower Ahead of ECB; Levels in Focus

(Bloomberg) -- Bund futures (RX1) technical levels in focus.
  • Daily Trend Bias: Cautiously Bearish
  • Comment: Marked slowdown in momentum with MACD on bearish crossover watch on Thursday; top heavy price activity occurs right against range extremes (162.69-163.10); U.S. debt ceiling deal on Wed. lifted UST 10y yield from important 2.05% level, sparking bund selloff
    • Resistance: 162.46; 162.68; 162.93; 163.06-10; 163.21
    • Support: 162.00-161.96; 161.86; 161.72-66; 161.50
  • 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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2539Z GR (European Central Bank)

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