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SCHATZ TECHS: (H5) Pullback Appears Corrective

SCHATZ TECHS
Fixed Income Technical AnalysisBundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletMarketsFixed Income Bullets
  • RES 4: 107.170 High Dec 20
  • RES 3: 107.081 61.8% retracement of the Dec 2 - Jan 15 bear leg   
  • RES 2: 107.045 High Jan 3
  • RES 1: 106.857/975 50-day EMA / High Feb 10          
  • PRICE: 106.765 @ 06:14 GMT Feb 13   
  • SUP 1: 106.705 Low Feb 12               
  • SUP 2: 106.600 Low Jan 31
  • SUP 3: 106.515 Low Jan 30 
  • SUP 4: 106.435 Low Jan 15 and key support  

A bull cycle that began Jan 15 in Schatz futures remains in play, and the pullback from the early February highs appears corrective - for now. A resumption of gains would refocus attention on key resistance and the bull trigger at 107.045, the Feb 3 high. Clearance of this hurdle would resume the short-term uptrend. On the downside, a continuation lower would instead open 106.600 next, the Jan 31 low.

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  • RES 4: 107.170 High Dec 20
  • RES 3: 107.081 61.8% retracement of the Dec 2 - Jan 15 bear leg   
  • RES 2: 107.045 High Jan 3
  • RES 1: 106.857/975 50-day EMA / High Feb 10          
  • PRICE: 106.765 @ 06:14 GMT Feb 13   
  • SUP 1: 106.705 Low Feb 12               
  • SUP 2: 106.600 Low Jan 31
  • SUP 3: 106.515 Low Jan 30 
  • SUP 4: 106.435 Low Jan 15 and key support  

A bull cycle that began Jan 15 in Schatz futures remains in play, and the pullback from the early February highs appears corrective - for now. A resumption of gains would refocus attention on key resistance and the bull trigger at 107.045, the Feb 3 high. Clearance of this hurdle would resume the short-term uptrend. On the downside, a continuation lower would instead open 106.600 next, the Jan 31 low.