HALISTER1: Bund Futures May Extend Pullback to 161.15; Levels in Focus

Bund Futures May Extend Pullback to 161.15; Levels in Focus

(Bloomberg) -- Bund futures (RX1) technical levels in focus.
  • Daily Trend Bias: Bearish
  • Comment: Strong bearish session on Tuesday below 13-, 21-DMA’s (162.38-08) quells any upside fears and turns full focus on the downside; potential corrective momentum may extend to 161.15 Fibonacci zone
    • Resistance: 162.12 (pivot); 162.22-29; 162.50; 162.70
    • Support: 161.66; 161.53-50; 161.36; 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 Scott Hamilton

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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