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(M2) Bears Pause For Breath

SCHATZ TECHS
  • RES 4: 111.355 High Mar 21
  • RES 3: 111.170 High Mar 23
  • RES 2: 110.947 20-day EMA
  • RES 1: 110.855 High Apr 4
  • PRICE: 110.645 @ 05:07 BST Apr 8
  • SUP 1: 110.465 Low Mar 30 and the bear trigger
  • SUP 2: 110.410 Low May 8 2014 (cont)
  • SUP 3: 110.400 Round number support
  • SUP 4: 110.360 Low Apr 29 2014 (cont)

Schatz futures remain vulnerable and the current consolidation is likely a pause in the downtrend. Recent fresh cycle lows strengthened bearish conditions and confirmed a resumption of the primary downtrend plus, it maintains the broader bearish price sequence of lower lows and lower highs. 111.00 has recently been cleared and this paves the way for a move towards 110.410 next. Firm resistance is seen at 110.947 the 20-day EMA

Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets

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