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(U3) Breaches The 20-Day EMA

SCHATZ TECHS
  • RES 4: 105.185 High Jun 15
  • RES 3: 105.130 High Jun 26 and key near-term resistance
  • RES 2: 105.055 High Jun 28
  • RES 1: 104.995 High Jul 13
  • PRICE: 104.850 @ 16:05 BST Jul 17
  • SUP 1: 104.795/104.570 Low Jul 13 / 6 and the bear trigger
  • SUP 2: 104.470 2.00 projection of the Jun 1 - 8 - 12 price swing
  • SUP 3: 104.335 Low Mar 9 (cont) and a major support
  • SUP 4: 104.264 2.382 projection of the Jun 1 - 8 - 12 price swing

Schatz futures remain in a downtrend and last week’s gains appear to be a correction - for now. The contract has traded through the 20-day EMA at 104.909. This signals scope for a climb towards 105.055, the Jun 28 high. Note that key short-term resistance is at 105.130, the Jun 26 high. Key support and the bear trigger has been defined at 104.570, the Jul 6 low. A break would confirm a resumption of the downtrend.

Fixed Income Technical AnalysisHomepageBond Market Newsmarkets-real-timeBulletMarketsFixed Income Bullets
Fixed Income Technical AnalysisHomepageBond Market Newsmarkets-real-timeBulletMarketsFixed Income Bullets

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