HALISTER1: TECHNICAL MONITOR: Bund Futures Resume Slide; 162.81 in Focus

TECHNICAL MONITOR: Bund Futures Resume Slide; 162.81 in Focus

(Bloomberg) -- Bund futures generic (Dec. 16) restoring downtrend after faltering at double-moving-average resistance zone, located just ahead of 164.50; downside target support area at 162.81-56, Bloomberg technical analyst Sejul Gokal writes.
  • NOTE: Click here for today’s technical, options and positioning monitors
  • RX1: Attempting to complete a bear ‘flag’ pattern, which should confirm on a close today below 163.81; momentum bearish and not oversold, with 9-day RSI at 40; interim support at 163.24 - ECB day low (see chart)
    • Daily view: Bearish
    • Daily range: Current move 51 ticks vs 58 expected (10- day average true range)
    • Resistance: 164.16; 164.54
    • Spot: 163.63
    • Support: 163.24; 162.81; 162.56
  • NOTE: For more detail on G-10 technical levels, click here
  • NOTE: Sejul Gokal is an FX strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
2539Z GR (European Central Bank)

To de-activate this alert, click here

UUID: 7947283