HALISTER1: Bund Futures Inching Toward Key Support Line; Levels in Focus

Bund Futures Inching Toward Key Support Line; Levels in Focus

(Bloomberg) -- Bund futures (RX1) technical levels in focus.
  • Daily Trend Bias: Neutral to bullish
  • Comment: Consolidation process extends into Tuesday with market treading toward its key trend support line at 162.43 (13-DMA), which should be monitored for potential bull reaction and fresh turn higher
    • Resistance: 162.74 (pivot); 162.89; 163.06; 163.24
    • Support: 162.43 (13-DMA); 162.24-22; 162.02 (21-DMA); 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 Scott Hamilton

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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