HALISTER1: Bund Futures Technical Levels in Focus

Bund Futures Technical Levels in Focus

(Bloomberg) -- Bund futures (RX1) technical levels in focus.
  • Daily Trend Bias: Bullish
  • Comment: Topside risks still persist despite second-day pullback; good support comes in at 163.51, the prior breakout zone
    • Resistance: 164.06-12 (gap top, pivot); 164.19; 164.38-44; 164.64-70
    • Support: 163.64; 163.51 (strong); 163.42; 163.33-25 (strong); 163.03
  • 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

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