HALISTER1: Treasury Futures Propel to New 2017 Highs; Levels in Focus

Treasury Futures Propel to New 2017 Highs; Levels in Focus

(Bloomberg) -- Treasury futures (TY1) technical levels in focus.
  • Daily trend bias: Bullish
  • Comment: Powers higher to fresh 2017 highs as risk-aversion re-positioning catalyzes breakout; weekly chart developments deserve special notice, with price confirming ichimoku cloud breakout
    • Resistance: 127-24+; 127-29/-30; 129-18
    • Support: 127-01; 126-29+; 126-25+
  • NOTE: Roll-adjusted by difference in GFUT
  • NOTE: Earlier: UST Bears May Opportunistically Re-Engage at 2.05% Key Area
  • 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)

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283