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: Wednesday’s bullish reversal day (‘hammer’ candle) against 100-DMA support at 163.39 reasserts topside risks; 164.64 level back on the map
    • Resistance: 164.08; 164.15-21 (strong); 164.34; 164.40-45; 164.64
    • Support: 163.79 (pivot); 163.55; 163.36; 163.25
  • 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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