HALISTER1: Treasury Futures Technical Levels in Focus

Treasury Futures Technical Levels in Focus

(Bloomberg) -- Treasury futures (TY1) technical levels in focus for Friday.
  • Daily Trend Bias: Bullish
  • Comment: Strong Thursday close (closed at day’s high) keeps immediate risks tilted higher for 126-29 test, at minimum; setbacks seen short-lived with rising 21-DMA (126-02) guiding the broader uptrend
    • Resistance: 126-26+; 126-29; 127-02; 127-08
    • Support: 126-18+; 126-16+ (pivot); 126-15; 126-11; 126-06
  • NOTE: Roll-adjusted by difference in GFUT
  • 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 Anil Varma

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Source: BFW (Bloomberg First Word)

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