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US 10YR FUTURE TECHS

(Z1)‌‌ Bearish Follow Through

OPTIONS

Expiries for Sep29 NY cut 1000ET (Source DTCC)

EGB OPTIONS

Bund Nov Put Condor Seller

EGB OPTIONS

Schatz Call Spread Vs Put

SCHATZ TECHS
  • RES 4: 112.399 76.4% retracement of the Dec 11 - 28 downleg
  • RES 3: 112.390 High Dec 16
  • RES 2: 112.368 61.8% retracement of the Dec 11 - 28 downleg
  • RES 1: 112.335 High Jan 1
  • PRICE: 112.305 @ 04:35 GMT Feb 2
  • SUP 1: 112.295 Low Jan 27 / Low Feb 1
  • SUP 2: 112.270 Low Jan 25
  • SUP 3: 112.240 Low Jan 12, 21 and 22 low
  • SUP 4: 112.235 Low Dec 23 and the bear trigger

Schatz futures traded higher Jan 27 and confirmed a break of resistance at 112.330 in the process, Jan 4, 5 and 15 highs. The break also confirmed a triple bottom reversal pattern highlighting a short-term shift in sentiment. This signals scope for a stronger recovery with the focus on 112.368 next, a Fibonacci retracement and 112.390, the Dec 16 high. The outlook remains bullish despite the most recent pullback. Initial support lies at 112.295.