HALISTER1: Bund Futures Testing Possible Bounce Zone; Levels in Focus

Bund Futures Testing Possible Bounce Zone; Levels in Focus

(Bloomberg) -- Bund futures (RX1) technical levels in focus.
  • Daily Trend Bias: Neutral-to-bullish
  • Comment: Selling activity has intensified following the Tuesday’s bearish reversal with market now testing levels that may attract buyers in (161.82-68); below here on a closing basis required to deteriorate the upside profile and revert focus to the downside; valuations are neutral (RSI at ~50)
    • Resistance: 162.12; 162.24; 162.44
    • Support: 161.72-68; 161.57-54; 161.42
  • 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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