MNI BRIEF: Fed's Goolsbee Taking Job Gains With Grain Of Salt

BRIEF: EU Says Engaging With China Over EV Trade Dispute

MNI BRIEF: Draghi Calls For Tariffs, Subsidies Against China

MNI BRIEF: China May M2 Slows To Record Low Again

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

US Treasury Auction Calendar

MNI: BAKER HUGHES US RIG COUNT 590; OIL RIGS 488; GAS RIGS 98

EZ/UK Bond Supply Calendar: Slovakia, Belgium, BoE APF Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(U0) Bearish Focus

SCHATZ TECHS
  • RES 4: 112.135 High Aug 10 and 11
  • RES 3: 112.105 High AUg 12
  • RES 2: 112.073 20-day EMA
  • RES 1: 112.060 High Aug 13
  • PRICE: 112.030 @ 04:43 BST Aug 19
  • SUP 1: 111.990 Low Aug 14 and the bear trigger
  • SUP 2: 111.977 76.4% retracement of the Jun - Jul Rally
  • SUP 3: 111.975 Low Jun 11
  • SUP 4: 111.950 Low Jun 10

Schatz futures remain vulnerable and recent gains are still considered a correction. The contract last week traded and closed below the July lows. This has exposed 111.977, 76.4% of the Jun - Jul rally. Clearance of this potential support would further reinforce bearish conditions and open 111.950, Jun 10 low ahead of key support at 111.910, Jun 5 and 8 lows. On the upside, 112.060, Aug 13 high offers initial resistance.

Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.