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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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  • 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.