Trial now
GILT TECHS

(Z1) Double Bottom Reversal

BONDS

Gilt/Bund spread 6.4bps tighter

EQUITY TECHS

E-MINI S&P (Z1): Bulls Still Firmly In Control

CORN TECHS

(Z1) Gains Considered Corrective

(U0) Confirms A Reversal

SCHATZ TECHS
  • RES 4: 112.340 2.500 proj of Aug 26 - 27 bounce from Aug 31 low
  • RES 3: 112.382 2.236 proj of Aug 26 - 27 bounce from Aug 31 low
  • RES 2: 112.324 2.236 proj of Aug 26 - 27 bounce from Aug 31 low
  • RES 1: 112.315 High Sep 3
  • PRICE: 112.290 @ 05:34 BST Sep 4
  • SUP 1: 112.265 Low Sep 3
  • SUP 2: 112.235 Low Sep 2
  • SUP 3: 111.190 Low Sep 1
  • SUP 4: 112.185 Low Aug 26, 27 and 28 and major support

Schatz futures have established a bullish tone once again following this week's strong rally. Gains this week have resulted in a move through the resistance area of 112.280, confirming a reversal off the Aug lows of 112.185, low Aug 26, 27 and 28. The break higher also confirms a double bottom reversal. Potential is seen for an extension higher with the focus on 112.324 next, a Fibonacci projection. Initial support lies at yesterday's low of 112.265.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com
MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com