HALISTER1: Bund Futures Reassert Positive Momentum Profile; Levels in Focus

Bund Futures Reassert Positive Momentum Profile; Levels in Focus

(Bloomberg) -- Bund futures (RX1) technical levels in focus.
  • Daily Trend Bias: Bullish
  • Comment: Bulls reassert positive momentum conditions after absorbing Thursday’s pressure at the risk-off induced gap area at 164.76-165.03
    • Resistance: 165.31-39; 165.56; 165.69; 165.96
    • Support: 165.12 (pivot); 164.85; 164.76-70 (uncovered close, 13-EMA); 164.58; 164.36-25
  • 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 Keith Jenkins

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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