MNI BRIEF: Caixin June Manufacturing PMI Hits Three-year High

MNI BRIEF: Japan Q1 GDP Revised Lower On Public Investment

MNI BRIEF: Business Inflation Expectations Solid - BOJ Tankan

MNI: PBOC Net Drains CNY48 Bln Via OMO Mon; Rates Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

MNI: PBOC Sets Yuan Parity Lower At 7.1265 Mon; -0.32% Y/Y

Daily Average Exports Hold Close To Recent Highs, Trade Surplus Firms

CHINA JUNE CAIXIN MANUFACTURING PMI 51.8 VS 51.7 IN MAY

MNI: BOJ Tankan: Sentiment Rises, Solid Capex Plans, Backs BOJ

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(Z3) Short-Term Gains Considered Corrective

SCHATZ TECHS
  • RES 4: 105.170 High Sep 14 and a key short-term resistance
  • RES 3: 105.115 High Sep 15
  • RES 2: 105.033 20-day EMA
  • RES 1: 104.995 High Sep 26
  • PRICE: 104.840 @ 05:27 BST Sep 29
  • SUP 1: 104.765 Low Sep 21 and the bear trigger
  • SUP 2: 104.720 2.00 proj of the Aug 24 - 30 - Sep 1 price swing
  • SUP 3: 104.645 Low Jul 12 (cont)
  • SUP 4: 104.620 Low Jul 11 (cont)

Schatz futures maintain a bearish tone and recent short-term gains appear to have been a correction. The recent break of support at 105.130, the Sep 7 low, confirmed a resumption of the downtrend and has maintained the bearish price sequence of lower lows and lower highs. The focus is on 104.720, a Fibonacci projection. Firm resistance has been defined at 105.170, the Sep 14 high.

Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of 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.