HALISTER1: Bund Futures Gap Above September Bear Trendline; Levels in Focus

Bund Futures Gap Above September Bear Trendline; Levels in Focus

(Bloomberg) -- Bund futures (RX1) technical levels in focus.
  • Daily Trend Bias: Neutral-to-Bullish
  • Comment: Gap above down- trendline dating back to early September could shift near-term momentum narrative if early Wednesday enthusiasm sustains into close; closing break above 161.37 required to quell downside risks and above 161.98 would bolster upside conviction
    • Resistance: 161.59 (21-DMA); 161.62-68; 161.98
    • Support: 161.16-10 (gap); 160.99; 160.65
  • 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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