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SCHATZ TECHS: (H5) Gains Considered Corrective

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: 107.109 20-day EMA 
  • RES 1: 107.055 High Dec 30      
  • PRICE: 106.985 @ Close Dec 30   
  • SUP 1: 106.900 Low Dec 30            
  • SUP 2: 106.854 1.382 proj of the Dec 2 - 6 - 12 price swing   
  • SUP 3: 106.810 1.500 proj of the Dec 2 - 6 - 12 price swing
  • SUP 4: 106.766 1.618 proj of the Dec 2 - 6 - 12 price swing 

The current bear cycle in Schatz futures remains intact and recent weakness reinforces this theme. Last Friday’s sell-off confirms a resumption of the bear leg and opens 106.854, a Fibonacci projection. Initial firm resistance is seen at 107.109, the 20-day EMA. It has recently been pierced, a clear break of it would highlight a potential reversal. For now, short-term gains are considered corrective.

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  • RES 4: 107.365 High Dec 12
  • RES 3: 107.170 High Dec 20  
  • RES 2: 107.109 20-day EMA 
  • RES 1: 107.055 High Dec 30      
  • PRICE: 106.985 @ Close Dec 30   
  • SUP 1: 106.900 Low Dec 30            
  • SUP 2: 106.854 1.382 proj of the Dec 2 - 6 - 12 price swing   
  • SUP 3: 106.810 1.500 proj of the Dec 2 - 6 - 12 price swing
  • SUP 4: 106.766 1.618 proj of the Dec 2 - 6 - 12 price swing 

The current bear cycle in Schatz futures remains intact and recent weakness reinforces this theme. Last Friday’s sell-off confirms a resumption of the bear leg and opens 106.854, a Fibonacci projection. Initial firm resistance is seen at 107.109, the 20-day EMA. It has recently been pierced, a clear break of it would highlight a potential reversal. For now, short-term gains are considered corrective.