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 w/caution
  • Comment: Second day pullback as risk-appetite sustains; despite this, near-term upside profile still holds; buyers may show stronger resolve closer to 21-DMA at 126-05; failure here may expose 125-29 key support
    • Resistance: 126-18/19; 126-25+; 126-28
    • Support: 126-05/126-03+; 125-29; 125-21+
  • 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 Scott Hamilton

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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