January 06, 2025 06:36 GMT
SCHATZ TECHS: (H5) Fresh Cycle Low
SCHATZ TECHS
Fixed Income Technical AnalysisBundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletMarketsFixed Income Bullets
- RES 4: 107.365 High Dec 12
- RES 3: 107.170 High Dec 20
- RES 2: 107.065 20-day EMA
- RES 1: 106.965 High Jan 3
- PRICE: 106.765 @ 06:14 GMT Jan 6
- SUP 1: 106.735 Intraday low
- SUP 2: 106.712 1.764 proj of the Dec 2 - 6 - 12 price swing
- SUP 3: 106.680 Low Nov 20 (cont)
- SUP 4: 106.645 Low NOv 18 (cont)
The current bear cycle in Schatz futures remains intact and recent weakness reinforces this theme, including today’s fresh cycle low. The Jan 3 sell-off confirmed a resumption of the bear leg and sights are on 106.712, a Fibonacci projection. Initial firm resistance is seen at 107.065, the 20-day EMA. A clear break of it would highlight a potential reversal. For now, short-term gains would be considered corrective.
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