HALISTER1: Treasury Futures Testing Medium-Term Hurdles; Levels in Focus

Treasury Futures Testing Medium-Term Hurdles; Levels in Focus

(Bloomberg) -- Treasury futures (TY1) technical levels in focus.
  • Daily trend bias: Bullish
  • Comment: Pokes above the medium-term resistance line at 127.21+, which is the 61.8% Fibonacci of 2H 2016 bear market; weekly close above here escalates topside risks ahead of potential weekend events related to Hurricane Irma and North Korea Founding Day
    • Resistance: 128-03+; 129.09+
    • Support: 127.15+; 127-08
  • 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

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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