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SCHATZ TECHS: (Z4) Bull Cycle Extension

SCHATZ TECHS
Fixed Income Technical AnalysisBundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletGlobalFixed Income BulletsRegionMarkets
  • RES 4: 107.693 1.382 proj of the Sep 3 - 11 - 18 price swing
  • RES 3: 107.600 1.236 proj of the Sep 3 - 11 - 18 price swing
  • RES 2: 107.450 1.00 proj of the Sep 3 - 11 - 18 price swing
  • RES 1: 107.335 High Oct 1    
  • PRICE: 107.265 @ 06:10 BST Oct 2  
  • SUP 1: 1007.140/106.999 Low Oct 1 / 20-day EMA       
  • SUP 2: 106.815 Low Sep 18    
  • SUP 3: 106.675 Low Sep 4
  • SUP 4: 105.520 Low Sep 3 and a key support   

A bull cycle in Schatz futures remains intact and the latest pullback has been a correction. Tuesday’s gains confirm a resumption of the uptrend - key resistance at 107.155, the Sep 11 high, has been breached. This maintains the bullish price sequence of higher highs and higher lows and paves the way for a climb towards 107.450, a Fibonacci projection. Support to watch is 106.999, the 20-day EMA.

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  • RES 4: 107.693 1.382 proj of the Sep 3 - 11 - 18 price swing
  • RES 3: 107.600 1.236 proj of the Sep 3 - 11 - 18 price swing
  • RES 2: 107.450 1.00 proj of the Sep 3 - 11 - 18 price swing
  • RES 1: 107.335 High Oct 1    
  • PRICE: 107.265 @ 06:10 BST Oct 2  
  • SUP 1: 1007.140/106.999 Low Oct 1 / 20-day EMA       
  • SUP 2: 106.815 Low Sep 18    
  • SUP 3: 106.675 Low Sep 4
  • SUP 4: 105.520 Low Sep 3 and a key support   

A bull cycle in Schatz futures remains intact and the latest pullback has been a correction. Tuesday’s gains confirm a resumption of the uptrend - key resistance at 107.155, the Sep 11 high, has been breached. This maintains the bullish price sequence of higher highs and higher lows and paves the way for a climb towards 107.450, a Fibonacci projection. Support to watch is 106.999, the 20-day EMA.