(Z18) Bullish Divergence *RES 4:.......>

SCHATZ TECHS: (Z18) Bullish Divergence

*RES 4: 112.020 High Aug 17 

*RES 3: 111.970 High Sep 3 

*RES 2: 111.895 High Sep 6 

*RES 1: 111.867 55-dma 

*PREVIOUS CLOSE: 111.805 

*SUP 1 111.710 Low Sep 25,26,27 

*SUP 2 111.600 Support 

*SUP 3 111.510 Bear channel bottom (continuation chart) 

*SUP 4 111.360 Low Dec 2015 (continuation chart) 

While Bund and Bobl futures hit new cycle lows last week Schatz futures did not

manage to do so, creating a potential bullish divergence across the space. Bulls

need to recover the 55-dma resistance at 111.867 to shift the outlook positive

and target the Sep 6 high. On the downside, September low of 111.710 is needed

to cement the downtrend.