MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(M4) Resistance Remains Exposed

SCHATZ TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets
  • RES 4: 105.790 High Mar 25 and key resistance
  • RES 3: 105.680 High Apr 12
  • RES 2: 105.498 50-day EMA
  • RES 1: 105.395 High May 3
  • PRICE: 105.270 @ 05:50 BST May 17
  • SUP 1: 105.150/045 Low May 14 / Low Apr 30 and the bear trigger
  • SUP 2: 105.000 Round number support
  • SUP 3: 104.917 1.764 proj of the Aug 8 - Mar 18 - Mar 25 price swing
  • SUP 4: 104.800 2.00 proj of the Mar 8 - 18 - 25 price swing

The trend direction in Schatz futures remains down, however, this week’s move higher has exposed key short-term resistance at 105.395, the May 3 high. A clear break of this hurdle would highlight a potential reversal and expose resistance at the 50-day EMA, at 105.498. Clearance of this average would strengthen a bullish condition. Key support to watch lies at 105.150, the May 14 low. A break would instead signal a resumption of the bear trend.

157 words

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.
  • RES 4: 105.790 High Mar 25 and key resistance
  • RES 3: 105.680 High Apr 12
  • RES 2: 105.498 50-day EMA
  • RES 1: 105.395 High May 3
  • PRICE: 105.270 @ 05:50 BST May 17
  • SUP 1: 105.150/045 Low May 14 / Low Apr 30 and the bear trigger
  • SUP 2: 105.000 Round number support
  • SUP 3: 104.917 1.764 proj of the Aug 8 - Mar 18 - Mar 25 price swing
  • SUP 4: 104.800 2.00 proj of the Mar 8 - 18 - 25 price swing

The trend direction in Schatz futures remains down, however, this week’s move higher has exposed key short-term resistance at 105.395, the May 3 high. A clear break of this hurdle would highlight a potential reversal and expose resistance at the 50-day EMA, at 105.498. Clearance of this average would strengthen a bullish condition. Key support to watch lies at 105.150, the May 14 low. A break would instead signal a resumption of the bear trend.