Treasury Futures Constructive Despite Gap-Down; Levels in Focus
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Treasury futures (TY1) technical levels in focus.
- Daily trend bias: Neutral to bullish
- Comment: Sustaining downside gap as safety trades unwind; despite this, and while still factoring risk for additional sell pressure, overall uptrend conditions do prevail while above the ichimoku ’slow’ line (baseline) today at 126-29
- Resistance: 127-12+; 127-17; 127-19+
- Support: 127.03+/02; 126-29; 126-24
- NOTE: Contract rolls with active futures on GFUT (no adjustments)
- 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
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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UUID: 7947283