HALISTER1: Bund Futures Wipe Out Post-Sintra Move; Levels in Focus

Bund Futures Wipe Out Post-Sintra Move; Levels in Focus

(Bloomberg) -- Bund futures (RX1) technical levels in focus.
  • Daily Trend Bias: Bullish
  • Comment: Gap higher amid risk-off sentiment; June highs in sight at 165.44-55; daily momentum profile stays bullish and not yet at overbought state
    • Resistance: 165.17; 165.33; 165.44-55; 165.77
    • Support: 164.77-76 (pivot, uncovered close); 164.58-57; 164.44 (13-EMA); 164.37-36
  • 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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