HALISTER1: Bund Futures Recoup 50% of Post-Trump High-Low Move; 161.64 Eyed

Bund Futures Recoup 50% of Post-Trump High-Low Move; 161.64 Eyed

(Bloomberg) -- Dec. 2016 bund futures contract taking out the 161.10-17 resistance area which opens up 161.64 Fibonacci retracement of high-low move seen post-Trump win, Bloomberg technical analyst Sejul Gokal writes.
  • See chart; now +46 ticks to 161.24
  • Next resitance seen at 161.62-64 -- channel top, 61.8% Fibonacci of 163.19-159.14 move post-U.S. election outcome
    • 200-DMA at 162.00
    • Intraday supports at 160.69 and 160.50
  • Daily MACD crossing bullishly today; 9-day RSI at 50, with room to move much higher before turning overbought
  • Note: Nov. 17, Bund Futures Corrective Bounce Eyes 161.64
  • NOTE: Sejul Gokal is a 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)

To de-activate this alert, click here

UUID: 7947283