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SCHATZ TECHS: (Z4) Breaking Down

SCHATZ TECHS
Fixed Income Technical AnalysisBundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletGlobalFixed Income BulletsRegionMarkets
  • RES 4: 107.450 1.00 proj of the Sep 3 - 11 - 18 price swing
  • RES 3: 107.225/335 High Oct 3 / 1 and key resistance  
  • RES 2: 107.110 High Oct 7   
  • RES 1: 106.930 20-day EMA    
  • PRICE: 106.755 @ 07:12 BST Oct 11  
  • SUP 1: 106.580 Low Oct 10      
  • SUP 2: 106.458 100-dma
  • SUP 3: 105.874 1.0% 10-dma envelope
  • SUP 4: 105.520 Low Sep 3 and a key support   

A short-term bearish threat is firming further in Schatz futures following the extended reversal from the Oct 1 high. The contract has traded through the 20-day EMA and breached not only 106.815, the Sep 18 low, but also 106.712, a key Fibonacci retracement. On the upside, initial resistance to watch is 106.930, the 20-day EMA. A clear break of it would signal a possible reversal.               

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  • RES 4: 107.450 1.00 proj of the Sep 3 - 11 - 18 price swing
  • RES 3: 107.225/335 High Oct 3 / 1 and key resistance  
  • RES 2: 107.110 High Oct 7   
  • RES 1: 106.930 20-day EMA    
  • PRICE: 106.755 @ 07:12 BST Oct 11  
  • SUP 1: 106.580 Low Oct 10      
  • SUP 2: 106.458 100-dma
  • SUP 3: 105.874 1.0% 10-dma envelope
  • SUP 4: 105.520 Low Sep 3 and a key support   

A short-term bearish threat is firming further in Schatz futures following the extended reversal from the Oct 1 high. The contract has traded through the 20-day EMA and breached not only 106.815, the Sep 18 low, but also 106.712, a key Fibonacci retracement. On the upside, initial resistance to watch is 106.930, the 20-day EMA. A clear break of it would signal a possible reversal.