HALISTER1: Bund Futures Hit Range Extremes Ahead of ECB; Levels in Focus

Bund Futures Hit Range Extremes Ahead of ECB; Levels in Focus

(Bloomberg) -- Bund futures (RX1) technical levels in focus.
  • Daily Trend Bias: Neutral
  • Comment: Finishes strong on Tuesday, closing at highest since April; caution required however amid diverging momentum and trading at range extremes (162.69-163.10) which may attract some profit-taking ahead of ECB meeting
    • Resistance: 162.92-93; 163.10; 163.21
    • Support: 162.59 (pivot); 162.51-45; 162.35-28; 162.24; 161.96
  • 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 Neil Chatterjee

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
2539Z GR (European Central Bank)

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