HALISTER1: Bund Futures Stay Bullish on Catalonia Relief; Levels in Focus

Bund Futures Stay Bullish on Catalonia Relief; Levels in Focus

(Bloomberg) -- Bund futures (RX1) technical levels in focus.
  • Daily Trend Bias: Bullish
  • Comment: Early session pressure (on Catalonia risk-premium unwind) expected to be short-lived; bulls seen charging higher toward 161.82-98 where profit-take interest is likely to reside; move below 160.59 required to reassert the downside
    • Resistance: 161.37 (pivot); 161.68; 161.82; 161.98
    • Support: 161.07-05; 161.01; 160.85-82; 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 Anil Varma

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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