HALISTER1: Treasury Futures Succumb to New Downside Risks; Levels in Focus

Treasury Futures Succumb to New Downside Risks; Levels in Focus

(Bloomberg) -- Treasury futures (TY1) technical levels in focus.
  • Daily trend bias: Bearish
  • Comment: Downside profile raised after closing break below 55-, 100-DMAs located at 126-06/126-09; attention remains on nearby 125.31+ Fibonacci line; below here opens up deeper downside levels (125-17)
    • Resistance: 126-09; 126-18
    • Support: 126-01; 125-31+; 125-29; 125-21+
  • 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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