HALISTER1: Bund Futures Stay Poised for 160.70-58 Test; Levels in Focus

Bund Futures Stay Poised for 160.70-58 Test; Levels in Focus

(Bloomberg) -- Bund futures (RX1) technical levels in focus.
  • Daily Trend Bias: Bearish
  • Comment: Remains on track to test moving-average zone 160.70-62 (100-, 55-DMAs) as momentum indicators languish, skewing risks to the downside; oversold signs to be monitored closer to 160.24 area (200-DMA)
    • Resistance: 161.42; 161.57; 161.82; 162.05-07
    • Support: 160.86; 160.70-62; 160.50
  • 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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UUID: 7947283