CANADA MAY RETAILS -0.8% VS FORECAST -0.6%, PRIOR +0.6%

MNI: Canada June Retails Fall And May Biggest Drop In A Year

MNI China Daily Summary: Friday, July 19

MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: BAKER HUGHES US RIG COUNT 586; OIL RIGS 477; GAS RIGS 103

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

(H4) Bears Remain In The Driver’s Seat

SCHATZ TECHS
  • RES 4: 105.751 50-day EMA
  • RES 3: 105.585 High Feb 15
  • RES 2: 105.442 20-day EMA
  • RES 1: 105.310 High Feb 26
  • PRICE: 105.120 @ 05:59 GMT Feb 29
  • SUP 1: 105..075 Low Feb 23
  • SUP 2: 105.000 2.236 projection of the Jan 12 - 25 - 31 price swing
  • SUP 3: 104.940 2.50 projection of the Jan 12 - 25 - 31 price swing
  • SUP 4: 104.880 2.618 projection of the Jan 12 - 25 - 31 price swing

The downtrend in Schatz futures remains intact and the contract is trading at its recent lows. The latest move down maintains the bearish price sequence of lower lows and lower highs and note too that moving average studies are in a bear mode position, highlighting a clear downtrend. Short-term gains are considered corrective with firm resistance at the 20-day EMA - at 105.442. The next objective is 105.00, a Fibonacci projection.

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.