HALISTER1: Treasury Futures Run Risk of Downside Extension; Levels in Focus

Treasury Futures Run Risk of Downside Extension; Levels in Focus

(Bloomberg) -- Treasury futures (TY1) technical levels in focus.
  • Daily trend bias: Bearish
  • Comment: Downside profile has been raised after sustained break below 55-, 100-DMAs located at 126-06/126-09+; deeper downside levels now exposed with 125-17 Fibonacci line seen as lower objective before market turns oversold
    • Resistance: 126-07; 126-09; 126-18
    • Support: 125-30/29; 125-21+; 125-17
  • NOTE: Treasuries, Gold Head Into FOMC Event With a Downbeat Chart Bias
  • 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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