HALISTER1: Bund Futures Keep Offer Tone, 161.15 Exposed; Levels in Focus

Bund Futures Keep Offer Tone, 161.15 Exposed; Levels in Focus

(Bloomberg) -- Bund futures (RX1) technical levels in focus.
  • Daily Trend Bias: Bearish
  • Comment: Maintains offer tone while trading south of 13-day EMA (162.09), which has now rolled over; potential corrective momentum may extend to 161.15 Fibonacci zone
    • Resistance: 162.02-07; 162.22-29
    • Support: 161.69 (pivot), 161.37-34; 161.15
  • 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)

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UUID: 7947283