FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

(M4) Trading Above Its Recent Lows

SCHATZ TECHS
  • RES 4: 106.145 High Feb 15
  • RES 3: 106.040 Low Feb 15
  • RES 2: 106.010 High Mar 8 and the bull trigger
  • RES 1: 105.790/875 High Mar 25 / 12
  • PRICE: 105.710 @ 06:01 GMT Apr 3
  • SUP 1: 105.615/515 Low Mar 21 / 15
  • SUP 2: 105.490 Low Feb 29 and the bear trigger
  • SUP 3: 105.430 High Feb 20 (cont)
  • SUP 4: 105.310 High Feb 26 (cont)

Schatz futures are consolidating. A downtrend remains intact, however, a S/T corrective cycle is in play and the contract is trading above its recent low. A resumption of gains would expose key resistance at 106.010, the Mar 8 high. A break of this level would be bullish. On the downside, a move lower would refocus attention on the bear trigger at 105.490, the Feb 29 low. Clearance of this level would resume the downtrend that started in December last year.

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.