February 05, 2025 06:24 GMT
SCHATZ TECHS: (H5) Bull Cycle Still In Play
SCHATZ TECHS
Fixed Income Technical AnalysisBundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletMarketsFixed Income Bullets
- RES 4: 107.233 76.4% retracement of the Dec 2 - Jan 15 bear leg
- RES 3: 107.170 High Dec 20
- RES 2: 107.081 61.8% retracement of the Dec 2 - Jan 15 bear leg
- RES 1: 107.045 High Jan 3
- PRICE: 106.930 @ 05:38 GMT Feb 5
- SUP 1: 106.805 Low Jan 3
- SUP 2: 106.703 20-day EMA
- SUP 3: 106.515 Low Jan 30
- SUP 4: 106.435 Low Jan 15 and key support
Schatz futures traded sharply higher Monday, marking an extension of the bull cycle that began Jan 15. The contract has traded through a number of important resistance points and the latest impulsive gains highlight a stronger reversal. The focus is on 107.081, a Fibonacci retracement point. On the downside, initial firm support to watch lies at 106.724, the 20-day EMA. First support is 106.805, Monday’s intraday low.
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