Bund Futures May Tackle 162.49 French Election Gap Amid Risk-Off
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
2539Z GR (European Central Bank)
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UUID: 7947283
(Bloomberg) -- Generic bund futures contract may accelerate its charge higher to potentially fill the open gap left after French election first round in April at 162.49, Bloomberg technical analyst Sejul Gokal writes.
- See chart here; RX1 +74 ticks to 161.80
- Topside risks prevails with trend-defining averages turning higher along with momentum indicators
- 13-exponential MA now points up
- MACD histogram flips to positive, with past turns in early February and late March anticipating trend cycle shift
- Resistance at 162.15 (April 27 high) and then 162.47-49 (April 21 low, 61.8% Fibonacci
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- 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
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
2539Z GR (European Central Bank)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283