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(M4) Trend Resistance Remains Intact

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: 105.458 50-day EMA
  • RES 1: 105.265/105.395 20-day EMA / High May 3
  • PRICE: 105.155 @ 05:41 BST May 22
  • SUP 1: 105.045 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. The contract has pulled back from last week’s high and - for now - resistance at 105.395, the May 3 high, remains intact. Price has traded through support at 105.150, the May 14 low. This exposes key support and the bear trigger at 105.045, the Apr 30 low, where a break would confirm a resumption of the primary downtrend. A move above 105.395 is required to alter the picture.

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  • RES 4: 105.790 High Mar 25 and key resistance
  • RES 3: 105.680 High Apr 12
  • RES 2: 105.458 50-day EMA
  • RES 1: 105.265/105.395 20-day EMA / High May 3
  • PRICE: 105.155 @ 05:41 BST May 22
  • SUP 1: 105.045 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. The contract has pulled back from last week’s high and - for now - resistance at 105.395, the May 3 high, remains intact. Price has traded through support at 105.150, the May 14 low. This exposes key support and the bear trigger at 105.045, the Apr 30 low, where a break would confirm a resumption of the primary downtrend. A move above 105.395 is required to alter the picture.