Treasury Futures Set for Trend-Reversal Signal; Levels in Focus
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Treasury futures (TY1) technical levels in focus.
- Daily trend bias: Neutral to bearish
- Comment: Extends lower with Monday’s risk-on induced gap left unfilled; this is reflective of bearish sentiment; risk for rising ichimoku ’slow’ line (baseline) to get broken at 126-29, which would activate a trend reversal setup; this would also be consistent with bearish developments in MACD and a sub 50 RSI read
- Resistance: 127-00+/01+; 127-10
- Support: 126-19; 126-16; 126-08+/126-05
- 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
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283