HALISTER1: Treasury Futures May Fade Downtick; Levels in Focus

Treasury Futures May Fade Downtick; Levels in Focus

(Bloomberg) -- Treasury futures (TY1) technical levels in focus.
  • Daily trend bias: Bullish
  • Comment: Despite Thursday’s 50% retracement of Wednesday’s rally, bullish engulfing pattern on Wednesday skews directional risks higher; range directly exposed to YTD high at 127-08
    • Resistance: 127-01+/127-02; 127-08
    • Support: 126-20+; 126-16; 126-11
  • 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 Keith Jenkins

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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