SCHATZ TECHS: (Z5) Bear Trend Intact
Nov-27 06:35
* RES 4: 107.175 High Oct 24 * RES 3: 107.095 High Oct 28 / 31 * RES 2: 107.055 50-day EMA * RES 1: ...
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SCHATZ TECHS: (Z5) Corrective Cycle
Oct-28 06:24
- RES 4: 107.348 50.0% retracement of Apr 7 - Sep 25 bear leg (cont)
- RES 3: 107.320 High Oct 17 and the bull trigger
- RES 2: 107.235 High Oct 22
- RES 1: 107.175 High Oct 24
- PRICE: 107.070 @ 06:07 GMT Oct 28
- SUP 1: 117.050 Low Oct 27
- SUP 2: 107.014 76.4% retracement of the Sep 25 - Oct 17 bull leg
- SUP 3: 106.995 Low Oct 8
- SUP 4: 106.965 Low Oct 6
A short-term bear cycle in Schatz futures remains intact and the contract is trading at its recent lows. For now, the current bear cycle that started Oct 17 is considered corrective and is allowing a recent overbought trend condition to unwind. An extension lower would open 107.014, a Fibonacci retracement, and the next important support. On the upside, initial resistance is at 107.175, last Friday’s high.
LOOK AHEAD: UK Timeline of Key Events (Times GMT)
Oct-28 06:23
| Date | Time | Period | Event |
| 28-Oct | 0001 | Oct | BRC Monthly Shop Price Index |
| 29-Oct | 0001 | Oct | Brightmine pay deals for whole economy |
| 29-Oct | 0930 | Sep | BOE Lending to Individuals / M4 |
| 31-Oct | 0930 | --- | Blue Book / Pink Book |
| 03-Nov | 0930 | Oct | S&P Global Manufacturing PMI (Final) |
| 04-Nov | 1140 | --- | BOE Breeden at International Banking Conference |
| 05-Nov | 0930 | Oct | S&P Global Services/Composite PMI (Final) |
| 06-Nov | 0930 | Oct | S&P Global/CIPS Construction PMI |
| 06-Nov | 1200 | --- | Bank Of England Interest Rate |
| 06-Nov | 1230 | --- | Bank Of England Press Conference |
| 06-Nov | 1400 | Oct | Decision Maker Panel Data |
| 07-Nov | 1110 | --- | BOE Saporta At ECB Money Market Conference |
| 07-Nov | 1215 | --- | BOE Pill At National Agency Briefing |
| 11-Nov | 0001 | Oct | BRC-KPMG Shop Sales Monitor |
| 11-Nov | 0700 | Sep/Oct | Labour Market |
LOOK AHEAD: Eurozone Timeline of Key Events (Times GMT)
Oct-28 06:18
| Date | Time | Country | Event |
| 28-Oct | 0700 | DE | GFK Consumer Climate |
| 28-Oct | 0900 | IT | ISTAT Consumer/Business Confidence |
| 28-Oct | 0900 | EU | ECB Bank Lending Survey |
| 29-Oct | 0800 | ES | GDP (p) |
| 29-Oct | 1100 | IT | PPI |
| 30-Oct | 0630 | FR | GDP (p) / Consumer Spending |
| 30-Oct | 0800 | ES | HICP (p) |
| 30-Oct | 0855 | DE | Unemployment |
| 30-Oct | 0900 | DE | GDP (p) / State-level CPI |
| 30-Oct | 0900 | IT | GDP (p) |
| 30-Oct | 1000 | EU | ESI / Unemployment / Flash GDP |
| 30-Oct | 1300 | DE | Germany HICP (p) |
| 30-Oct | 1315 | EU | ECB Decision |
| 30-Oct | 1345 | EU | ECB Press Conference |
| 30-Oct | 1515 | EU | ECB Lagarde Presents Rate Decision on ECB Podcast |
| 31-Oct | 0700 | DE | Import/Export Prices / Retail Sales |
| 31-Oct | 0745 | FR | HICP (p) / PPI |
| 31-Oct | 1000 | EU | EZ HICP Flash |
| 31-Oct | 1000 | IT | Italy Flash Inflation |
