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US EURODLR OPTIONS

BLOCK, Red Dec'22 Put

EGB OPTIONS

Euro-Bund Put Condor vs Call Spd

MEXICO

Retail Sales Ahead of Expectations In August

TURKEY

CBRT Cut Rates by 200bps vs. Exp. Cut of 100bps

(U0) Double Bottom Reversal

SCHATZ TECHS
  • RES 4: 112.170 High Aug 4
  • RES 3: 112.147 76.4% retracement of the Jul 31 - Aug 14 sell-off
  • RES 2: 112.135 High Aug 10 and 11
  • RES 1: 112.120 Intraday high
  • PRICE: 112.115 @ 05:16 BST Sep 3
  • SUP 1: 112.053 20-day EMA
  • SUP 2: 111.990 Low Aug 14 and 26 and the bear trigger
  • SUP 3: 111.977 76.4% retracement of the Jun - Jul rally
  • SUP 4: 111.950 Low Jun 10

Schatz futures have established a bullish tone once again following this week's strong rally. Yesterday saw price trade through resistance at 112.100 , Aug 21 high confirming a reversal off the Aug lows of 111.990 and in pattern terms, the break also confirms a double bottom reversal. Attention turns to 112.135 next, Aug 10 and 11 highs and 112.147, a Fibonacci retracement. On the downside, initial support is at 112.053, the 20-day EMA.

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