HALISTER1: Bund Futures Ripe for 164.64 Breakout; Levels in Focus

Bund Futures Ripe for 164.64 Breakout; Levels in Focus

(Bloomberg) -- Bund futures (RX1) technical levels in focus.
  • Daily Trend Bias: Bullish
  • Comment: Bulls still have upper hand despite late Friday reversal; line-in-the-sand drawn at 163.36
    • Resistance: 164.57-64; 164.79; 164.88; 164.99
    • Support: 164.19; 164.05-00; 163.94 (13-EMA); 163.86; 163.71
  • 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 Anil Varma

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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