HALISTER1: Bund Futures Gap Bullishly; Value Line Holds; Levels in Focus

Bund Futures Gap Bullishly; Value Line Holds; Levels in Focus

(Bloomberg) -- Bund futures (RX1) technical levels in focus.
  • Daily Trend Bias: Bullish
  • Comment: Gaps higher as risk-aversion fuels demand; stays bullish while above rising 13-day exponential MA (164.70); however, momentum rather lackluster with MACD nearing a downside cross
    • Resistance: 165.21; 165.29-31; 164.41; 165.52; 165.69; 165.96
    • Support: 164.83 (pivot); 164.70; 164.52-46; 164.41 (21-DMA)
  • 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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UUID: 7947283