MNI: GERMANY OCT EXPORTS -2.8% M/M (VS FCST -2.6%)

MNI BRIEF: BOJ Tankan: Business Inflation Expectations Solid

MNI BRIEF: RBA Details Hypothetical Monetary Policy Paths

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

MNI: SWEDEN NOV UNEMPLOYMENT 7.4%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(H2) Correction Likely To Extend Higher

SCHATZ TECHS
  • RES 4: 112.145 High Jan 24 and a key resistance
  • RES 3: 112.070 High Jan 27
  • RES 2: 112.020 High Jan 31
  • RES 1: 111.965 High Feb 22
  • PRICE: 111.780 @ 05:25 GMT Feb 25
  • SUP 1: 111.635 Low Feb 23
  • SUP 2: 111.545/420 Low Feb 15 / Low Feb 11
  • SUP 3: 111.250/208 Low Feb 7 / 2.50 proj of Dec 20-Jan 19-24 swing
  • SUP 4: 111.185 Low Jun 26, 2015 (cont)

The trend direction in Schatz futures remains bearish however, the contract is still in a bullish corrective cycle, following the recovery from 111.250, the Feb 7 low. The contract has recently cleared the 20-day EMA and price has traded above the 50-day EMA. The latter average intersects at 111.872 today and a clear break would signal scope for a stronger rally towards 112.145, Jan 24 high. Initial firm support has been defined at 111.635, the Feb 23 low.

Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.