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(M4) Bear Cycle Extends

SCHATZ TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets
  • RES 4: 106.040 Low Feb 15
  • RES 3: 106.010 High Mar 8
  • RES 2: 105.790/875 High Mar 25 and key resistance / High Mar 12
  • RES 1: 105.458/680 20-day EMA / High Apr 12
  • PRICE: 105.160 @ 05:46 BST Apr 26
  • SUP 1: 105.140 Low Apr 25
  • SUP 2: 105.106 1.382 proj of the Mar 8 - 18 - 25 price swing
  • SUP 3: 105.047 1.50 proj of the Aug 8 - Mar 18 - Mar 25 price swing
  • SUP 4: 105.000 Round number support

The trend condition in Schatz futures is unchanged and remains bearish. The recent break of support at 105.490, the Feb 29 low and bear trigger, confirmed a resumption of the downtrend that started late December last year. This week’s fresh trend lows reinforce current conditions and sights are on 105.106, a Fibonacci projection. Key resistance has been defined at 105.790, the Mar 25 high. Initial firm resistance is 105.458, the 20-day EMA.

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  • RES 4: 106.040 Low Feb 15
  • RES 3: 106.010 High Mar 8
  • RES 2: 105.790/875 High Mar 25 and key resistance / High Mar 12
  • RES 1: 105.458/680 20-day EMA / High Apr 12
  • PRICE: 105.160 @ 05:46 BST Apr 26
  • SUP 1: 105.140 Low Apr 25
  • SUP 2: 105.106 1.382 proj of the Mar 8 - 18 - 25 price swing
  • SUP 3: 105.047 1.50 proj of the Aug 8 - Mar 18 - Mar 25 price swing
  • SUP 4: 105.000 Round number support

The trend condition in Schatz futures is unchanged and remains bearish. The recent break of support at 105.490, the Feb 29 low and bear trigger, confirmed a resumption of the downtrend that started late December last year. This week’s fresh trend lows reinforce current conditions and sights are on 105.106, a Fibonacci projection. Key resistance has been defined at 105.790, the Mar 25 high. Initial firm resistance is 105.458, the 20-day EMA.