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SCHATZ TECHS: (H5) Corrective Phase Still In Play

SCHATZ TECHS
Fixed Income Technical AnalysisBundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletMarketsFixed Income Bullets
  • RES 4: 107.065 High Jan 2
  • RES 3: 106.965 High Jan 3  
  • RES 2: 106.730 20-day EMA 
  • RES 1: 106.695 High Jan 21 / 22      
  • PRICE: 106.605 @ 06:11 GMT Jan 24   
  • SUP 1: 106.545/435 Low Jan 16 / 15 and the bear trigger             
  • SUP 2: 106.375 Low Oct 31  (cont) and a key support
  • SUP 3: 106.342 2.764 proj of the Dec 2 - 6 - 12 price swing
  • SUP 4: 106.255 3.000 proj of the Dec 2 - 6 - 12 price swing

A medium-term bear cycle in Schatz futures remains intact and recent gains appear corrective. The Jan 15 recovery highlighted a reversal and the start of the corrective phase. Key short-term resistance at 106.730, the 20-day EMA, remains intact for now. On the downside, 106.435, the Jan 15 low has been defined as the bear trigger. Clearance of this level would confirm a resumption of the downtrend.

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  • RES 4: 107.065 High Jan 2
  • RES 3: 106.965 High Jan 3  
  • RES 2: 106.730 20-day EMA 
  • RES 1: 106.695 High Jan 21 / 22      
  • PRICE: 106.605 @ 06:11 GMT Jan 24   
  • SUP 1: 106.545/435 Low Jan 16 / 15 and the bear trigger             
  • SUP 2: 106.375 Low Oct 31  (cont) and a key support
  • SUP 3: 106.342 2.764 proj of the Dec 2 - 6 - 12 price swing
  • SUP 4: 106.255 3.000 proj of the Dec 2 - 6 - 12 price swing

A medium-term bear cycle in Schatz futures remains intact and recent gains appear corrective. The Jan 15 recovery highlighted a reversal and the start of the corrective phase. Key short-term resistance at 106.730, the 20-day EMA, remains intact for now. On the downside, 106.435, the Jan 15 low has been defined as the bear trigger. Clearance of this level would confirm a resumption of the downtrend.