HALISTER1: Bund Futures Vulnerable as Fade Appetite Shows; Levels in Focus

Bund Futures Vulnerable as Fade Appetite Shows; Levels in Focus

(Bloomberg) -- Bund futures (RX1) technical levels in focus.
  • Daily Trend Bias: Neutral-to-Bearish
  • Comment: Thursday’s price action resembled Wednesday’s session, where early day enthusiasm attracted sellers in around mid-session; with charts posting another long upper candlestick wick (non-committal buyers), s-t bias remains neutral to mildly lower; MACD has remained sub-zero during the latest rebound phase
    • Resistance: 161.66; 161.82; 161.98
    • Support: 161.05; 160.93-84; 160.74; 160.65
  • 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 Scott Hamilton

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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