Treasury Futures Stay Offered; July Low Beckons; 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: Bearish
- Comment: Last Thursday’s bullish ’hammer’ candlestick above 200-DMA provided false hope after non-confirmation Friday session; with market trading sub-200-DMA (125-12), risks appear skewed for a probe at July and May troughs at 124-25+/124-23 where fresh buying interest may reside
- Resistance: 125-12; 125-20; 125-23
- Support: 124-30/27+; 124-25+; 124-23; 124-20
- 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