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SCHATZ TECHS: (Z4) Bullish Trend Structure

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: 107.300 0.764 proj of the Sep 3 - 11 - 18 price swing
  • RES 2: 107.207 0.618 proj of the Sep 3 - 11 - 18 price swing
  • RES 1: 107.195 High Sep 24    
  • PRICE: 107.165 @ 05:10 BST Sep 30
  • SUP 1: 106.950 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. The move higher on Sep 24 resulted in a print above 107.155, the Sep 11 high and a key resistance. This highlights a resumption of the uptrend and a continuation higher would open 107.207, a Fibonacci projection. Support to watch is 106.950, the 20-day EMA. A clear breach of this average would signal scope for a corrective retracement.

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  • RES 4: 107.450 1.00 proj of the Sep 3 - 11 - 18 price swing
  • RES 3: 107.300 0.764 proj of the Sep 3 - 11 - 18 price swing
  • RES 2: 107.207 0.618 proj of the Sep 3 - 11 - 18 price swing
  • RES 1: 107.195 High Sep 24    
  • PRICE: 107.165 @ 05:10 BST Sep 30
  • SUP 1: 106.950 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. The move higher on Sep 24 resulted in a print above 107.155, the Sep 11 high and a key resistance. This highlights a resumption of the uptrend and a continuation higher would open 107.207, a Fibonacci projection. Support to watch is 106.950, the 20-day EMA. A clear breach of this average would signal scope for a corrective retracement.