HALISTER1: Treasury Futures Hold Topside Bias; Levels in Focus

Treasury Futures Hold Topside Bias; Levels in Focus

(Bloomberg) -- Treasury futures (TY1) technical levels in focus.
  • Daily trend bias: Bullish
  • Comment: Overall focus stays higher despite some stall in momentum since Friday; bulls still need to clear the important 126-28/126-29 to re-inject fresh impetus and expose YTD high test at 127-08
    • Resistance: 126-21; 126-25; 126-29; 127-01+/127-02; 127-08
    • Support: 126-13; 126-11; 126-08
  • 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

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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