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SCHATZ TECHS: (H5) Bear Cycle Remains Intact

SCHATZ TECHS
Fixed Income Technical AnalysisBundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletMarketsFixed Income Bullets
  • RES 4: 107.592 1.236 proj of the Nov 18 - 22 - 26 price swing  
  • RES 3: 107.505 1.000 proj of the Nov 18 - 22 - 26 price swing
  • RES 2: 107.480 High Dec 2 / 3 and the bull trigger 
  • RES 1: 107.157/365 20-day EMA / High Dec 12      
  • PRICE: 106.985 @ 06:28 GMT Dec 19   
  • SUP 1: 106.960 Low Dec 19           
  • SUP 2: 106.908 1.236 proj of the Dec 2 - 6 - 12 price swing   
  • SUP 3: 106.854 1.382 proj of the Dec 2 - 6 - 12 price swing
  • SUP 4: 106.810 1.500 proj of the Dec 2 - 6 - 12 price swing 

The current bear cycle in Schatz futures remains intact and the latest bear extension reinforces current conditions. The 107.00 handle has been cleared and this highlights potential for a continuation near-term. Sights are on 106.908 next, a Fibonacci projection. On the upside, initial firm resistance is seen at 107.157, the 20-day EMA. A clear break of this average would highlight a potential reversal.

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  • RES 4: 107.592 1.236 proj of the Nov 18 - 22 - 26 price swing  
  • RES 3: 107.505 1.000 proj of the Nov 18 - 22 - 26 price swing
  • RES 2: 107.480 High Dec 2 / 3 and the bull trigger 
  • RES 1: 107.157/365 20-day EMA / High Dec 12      
  • PRICE: 106.985 @ 06:28 GMT Dec 19   
  • SUP 1: 106.960 Low Dec 19           
  • SUP 2: 106.908 1.236 proj of the Dec 2 - 6 - 12 price swing   
  • SUP 3: 106.854 1.382 proj of the Dec 2 - 6 - 12 price swing
  • SUP 4: 106.810 1.500 proj of the Dec 2 - 6 - 12 price swing 

The current bear cycle in Schatz futures remains intact and the latest bear extension reinforces current conditions. The 107.00 handle has been cleared and this highlights potential for a continuation near-term. Sights are on 106.908 next, a Fibonacci projection. On the upside, initial firm resistance is seen at 107.157, the 20-day EMA. A clear break of this average would highlight a potential reversal.