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SCHATZ TECHS: (Z4) Trading Just Below Its Recent Highs

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: 106.980 @ 06:13 GMT Nov 29   
  • SUP 1: 106.843/645 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 are in consolidation mode and remain closer to their recent highs. The contract traded higher on Nov 22, extending its bull cycle. Both the 20- and 50-day EMAs have been breached and attention is on 107.070, the Oct 24 high. Clearance of this level would expose 107.108, 76.4% of the bear leg between Oct 1 - 31. Key short-term support is at 106.645, the Nov 18 low. Initial support is 106.843, 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: 106.980 @ 06:13 GMT Nov 29   
  • SUP 1: 106.843/645 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 are in consolidation mode and remain closer to their recent highs. The contract traded higher on Nov 22, extending its bull cycle. Both the 20- and 50-day EMAs have been breached and attention is on 107.070, the Oct 24 high. Clearance of this level would expose 107.108, 76.4% of the bear leg between Oct 1 - 31. Key short-term support is at 106.645, the Nov 18 low. Initial support is 106.843, 20-day EMA.