HALISTER1: Treasury Futures Retain Defensive Tone; Levels in Focus

Treasury Futures Retain Defensive Tone; Levels in Focus

(Bloomberg) -- Treasury futures (TY1) technical levels in focus.
  • Daily trend bias: Bearish
  • Comment: Severs ichimoku ‘slow’ line (baseline) at 126-29 to tip the balance of risks to the downside; RSI nudging below 50, supports downside conditions and suggests probe at 126-11/126-05 area (50% retrace, 55-, 100- DMAs) at the minimum; overall, move lower classified as corrective
    • Resistance: 126-28/29+; 127-00+/01+; 127-10
    • Support: 126-16; 126-11; 126-08+
  • 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 Neil Chatterjee

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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