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SCHATZ TECHS: (Z4) Bull Cycle Remains Intact

SCHATZ TECHS
Fixed Income Technical AnalysisBundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletMarketsFixed Income Bullets
  • RES 4: 107.335 High Oct 1 and a key resistance   
  • RES 3: 107.225 High Oct 3  
  • RES 2: 107.108 76.4% retracement of the Oct 1 - 31 bear leg   
  • RES 1: 107.070 High Oct 24 and the near-term bull trigger     
  • PRICE: 106.995 @ 06:15 GMT Nov 27   
  • SUP 1: 106.821/645 20-day EMA / Low Nov 18           
  • SUP 2: 106.485 Low Nov 5
  • SUP 3: 106.375 Low Oct 31 and the bear trigger
  • SUP 4: 106.315 1.000 proj of the Oct 1 - 10 - 24 price swing

Schatz futures traded higher on Nov 22, extending the current bull cycle. The contract has cleared both the 20- and 50-day EMAs and attention is on resistance at 107.070, the Oct 24 high. Clearance of this level would expose 107.108, the 76.4% retracement of the bear leg between Oct 1 - 31. A break of 107.108 would strengthen the current bullish theme. Key S/T support is at 106.645, the Nov 18 low. Initial support lies at 106.821, the 20-day EMA.

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  • RES 4: 107.335 High Oct 1 and a key resistance   
  • RES 3: 107.225 High Oct 3  
  • RES 2: 107.108 76.4% retracement of the Oct 1 - 31 bear leg   
  • RES 1: 107.070 High Oct 24 and the near-term bull trigger     
  • PRICE: 106.995 @ 06:15 GMT Nov 27   
  • SUP 1: 106.821/645 20-day EMA / Low Nov 18           
  • SUP 2: 106.485 Low Nov 5
  • SUP 3: 106.375 Low Oct 31 and the bear trigger
  • SUP 4: 106.315 1.000 proj of the Oct 1 - 10 - 24 price swing

Schatz futures traded higher on Nov 22, extending the current bull cycle. The contract has cleared both the 20- and 50-day EMAs and attention is on resistance at 107.070, the Oct 24 high. Clearance of this level would expose 107.108, the 76.4% retracement of the bear leg between Oct 1 - 31. A break of 107.108 would strengthen the current bullish theme. Key S/T support is at 106.645, the Nov 18 low. Initial support lies at 106.821, the 20-day EMA.