DALY SEES 'NO URGENCY TO ADJUST THE POLICY RATE'

MNI BRIEF: Fed’s Collins Sees Rate Cuts Later Than Had Thought

MNI BRIEF: China March M2 Slows More Than Expected

MNI BRIEF: China Tightens Stock Market Supervision

MNI BRIEF: China Mar Exports Jump On Demand; Imports Improve

MNI: PBOC Sets Yuan Parity Lower At 7.0967 Fri; -4.87% Y/Y

MNI: BAKER HUGHES US RIG COUNT 617; OIL RIGS 506; GAS RIGS 109

March Home Sales Jumped At End Of Month

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(M1) Finds Resistance

SCHATZ TECHS
  • RES 4: 112.201 0.764 proj of the Feb 26 - Mar 2 - Mar 10 price swing
  • RES 3: 112.193 50-day EMA (cont)
  • RES 2: 112.174 0.618 proj of the Feb 26 - Mar 2 - Mar 10 price swing
  • RES 1: 112.165 High Mar 25 and the bull trigger
  • PRICE: 112.120 @ 05:29 GMT Mar 30
  • SUP 1: 112.120 Low Mar 22 / 23 and intraday low
  • SUP 2: 112.095 Low Mar 19
  • SUP 3: 112.070 Low Mar 18 and a key near-term support
  • SUP 4: 112.060 Low Mar 10

Schatz futures have pulled back from recent highs and the contract appears likely to extend the current retracement. This would expose support at 112.070, Mar 18 low where a break would strengthen a bearish argument and suggest scope for a deeper pullback to 112.060 and potentially below. On the upside, key resistance has been defined at 112.165, Mar 25 high. A break above this level is required to reinstate the recent bullish theme.

Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.