HALISTER1: Treasury Futures Ease Drop at Support Cluster; Levels in Focus

Treasury Futures Ease Drop at Support Cluster; Levels in Focus

(Bloomberg) -- Treasury futures (TY1) technical levels in focus.
  • Daily trend bias: Bearish
  • Comment: Consolidates recent losses along 126-11/126-05+ support area (50% retrace, 55-, 100-DMAs); stays bearish for potential test at 125.31+ Fibonacci line
    • Resistance: 126-18; 126-25; 126-28/29+
    • Support: 126-05+; 125.31+; 125-29
  • 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
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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