- G10 Markets
- Fixed Income
- Foreign Exchange
- Emerging Markets
- MNI Research
- Global Macro
- Political Risk
- About Us
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
- G10 Markets
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
Real-time insight of oil & gas markets
Reporting on key macro data at the time of release.
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.Free Access
(Z2) Bearish Extension
- RES 4: 108.045 High Sep 9
- RES 3: 107.899 20-day EMA
- RES 2: 107.585 High Sep 19
- RES 1: 107.380 High Sep 20
- PRICE: 106.860 @ 05:25 BST Sep 22
- SUP 1: 106.820 Intraday low
- SUP 2: 106.730 2.00 proj of the Aug 25 - Sep 1 - Sep 6 price swing
- SUP 3: 106.513 2.236 proj of the Aug 25 - Sep 1 - Sep 6 price swing
- SUP 4: 106.379 2.382 proj of the Aug 25 - Sep 1 - Sep 6 price swing
The Schatz futures trend direction remains down and the contract has traded to a fresh trend low once again today confirming an extension of the bear cycle. This also maintains the current bearish price sequence of lower lows and lower highs with moving average studies in a bear mode position. The focus is on 106.730 next, a Fibonacci projection. On the upside, initial firm resistance is seen at 107.899, the 20-day EMA.
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
Why Subscribe to
MNI is the leading providerof 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.