HALISTER1: Bund Futures Running on Strong Bullish Momentum; Levels in Focus

Bund Futures Running on Strong Bullish Momentum; Levels in Focus

(Bloomberg) -- Bund futures (RX1) technical levels in focus.
  • Daily Trend Bias: Bullish
  • Comment: Faces last Fibonacci hurdle of Sept. decline at 162.68; this level guards the September peak at 163.43; daily MACD has leaped to above zero which supports offensive market conditions
    • Resistance: 162.55; 162.68-69; 162.89-95
    • Support: 162.30; 162.15; 162.04; 161.90-82; 161.68
  • 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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