SCHATZ TECHS: (H6) Gains Considered Corrective

Dec-19 06:28

* RES 4: 106.945 High Dec 3 and a key resistance * RES 3: 106.900 High Dec 5 * RES 2: 106.826 20-day...

Historical bullets

BOBL TECHS: (Z5) Bearish Cycle

Nov-19 06:23
  • RES 4: 118.600 High Oct 24       
  • RES 3: 118.360 High Oct 28   
  • RES 2: 118.270 High Nov 5  118.360/600 High Oct 28 / 24
  • RES 1: 118.114 50-day EMA.   
  • PRICE: 117.950 @ 06:06 GMT Nov 19
  • SUP 1: 117.800 Low Nov 17 / 18  
  • SUP 2: 117.710 Low Oct 6  
  • SUP 3: 117.630 Low Oct 1  
  • SUP 4: 117.470 Low Sep 15 and a key support 

The short-term trend condition in Bobl futures remains bearish and a fresh cycle low this week reinforces current conditions. Recent weakness resulted in a breach of 118.043, 61.8% of the Sep 25 - Oct 17 bull cycle. Note that 117.824, the 76.4% retracement, has been pierced. A continuation lower would open 117.630, the Oct 1 low. Initial firm resistance is seen at 118.114, the 50-day EMA.

LOOK AHEAD: UK Timeline of Key Events (Times GMT)

Nov-19 06:23
DateTimePeriodEvent
19-Nov0700OctConsumer Inflation Report / Producer Prices
20-Nov1100NovCBI Industrial Trends
20-Nov1830---BOE Dhingra Speech on Trade and Tariffs
20-Nov2100---BOE Mann at IMF Statistical Forum
21-Nov0001NovGfk Monthly Consumer Confidence
21-Nov0700OctPublic Sector Finances / Retail Sales
21-Nov0930NovS&P Manuf / Serv / Comp PMIs (p)
21-Nov1540---BOE Pill in Panel at Swiss National Bank
25-Nov1100NovCBI Distributive Trades
26-Nov1230---Chancellor Reeves to deliver UK Budget
26-Nov1530---DMO to publish consultation agenda
27-Nov1600---BOE Greene Speech at Goodbody Conference
01-Dec0930Nov/OctS&P Manuf PMI (f) / BOE Lending to Individuals / M4
01-Dec1530---DMO to hold FQ4 consultations with investors / GEMMs
02-Dec0001NovBRC Monthly Shop Price Index
02-Dec0700H2BOE Financial Stability Report
03-Dec0930NovS&P Services / Composite PMI (f)
04-Dec0930NovS&P Construction PMI / BOE Decision Maker Panel data

LOOK AHEAD: Eurozone Timeline of Key Events (Times GMT)

Nov-19 06:18
DateTimeCountryEvent
19-Nov0900EUEZ Current Account
19-Nov1000EUEZ HICP Final
20-Nov0700DEPPI
20-Nov1000EUEZ Construction Output
20-Nov1500EUConsumer Confidence Indicator (p)
21-Nov0745FRManufacturing Sentiment
21-Nov0800EUECB de Guindos Remarks/Q&A at Foro Gran Via
21-Nov0815FRS&P Global Manuf / Services PMI (p)
21-Nov0830DES&P Global Manuf / Services PMI (p)
21-Nov0830EUECB Lagarde Speech at European Banking Congress
21-Nov0900EUS&P Global Manuf / Serv / Comp PMI (p)
21-Nov1000EUNegotiated Wage Growth
21-Nov1130EUECB de Guindos Remarks/Q&A at Deusto Business School
22-Nov0800EUECB Lagarde in Roundtable at Austrian National Bank
22-Nov1100EUECB Lagarde Keynote on Fiscal and MonPol