HALISTER1: Bund Futures Show Hint of Selling Exhaustion; Levels in Focus

Bund Futures Show Hint of Selling Exhaustion; Levels in Focus

(Bloomberg) -- Bund futures (RX1) technical levels in focus.
  • Daily Trend Bias: Neutral
  • Comment: Sharp mid-session recovery on Friday (post-payrolls), which was sustained into close, alleviates the near-term downside risks; contract must reclaim and close above Friday’s high to re-introduce fresh topside risks; as such, neutral stance preferred for now
    • Resistance: 161.30; 161.40; 161.66-71; 161.82
    • Support: 161.00 (daily pivot); 160.69; 160.59
  • 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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