BOBL TECHS: (Z5) Monitoring Support
Oct-24 05:29
* RES 4: 119.780 High Apr 22 (cont) * RES 3: 119.600 High May 7 (cont) * RES 2: 119.250 76.4% of the...
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SCHATZ TECHS: (Z5) Bearish Trend Structure
Sep-24 05:29
- RES 4: 107.240 High Aug 4
- RES 3: 107.225 High Aug 27 and the bull trigger
- RES 2: 107.145/190 High Sep 11 / High Sep 5 and 8
- RES 1: 107.050 Low Aug 25 and Sep 2 and a recent breakout level
- PRICE: 106.980 @ 06:12 BST Sep 24
- SUP 1: 106.955 Low Sep 22
- SUP 2: 106.948 1.382 proj of the the Aug 27 - Sep 2 - 8 price swing
- SUP 3: 106.928 1.500 proj of the the Aug 27 - Sep 2 - 8 price swing
- SUP 4: 106.900 Round number support
The trend structure in Schatz futures remains bearish and the contract is trading just above its recent lows. Price has breached support at 107.050, the Aug 25 and Sep 2 low plus a bear trigger. Price has also traded to a fresh short-term cycle low today. This maintains the downward price sequence of lower lows and lower highs. Sights are on 106.948 next, a Fibonacci projection. Initial resistance is at 107.050, Aug 25 and Sep 2 low.
LOOK AHEAD: UK Timeline of Key Events (Times BST)
Sep-24 05:23
| Date | Time | Period | Event |
| 24-Sep | 1730 | --- | BOE Greene On Supply Shocks and MonPol |
| 25-Sep | 1100 | Sep | CBI Distributive Trades |
| 29-Sep | 0930 | Aug | BOE Lending to Individuals / M4 |
| 30-Sep | 0001 | Sep | BRC Monthly Shop Price Index |
| 30-Sep | 0700 | Q2 | GDP 2nd Est / Quarterly Current Account Balance |
| 30-Sep | 1250 | --- | BOE Lombardelli Panel On MonPol, Bank of Finland |
| 30-Sep | 1300 | --- | BOE Ramsden In Panel At ECB Inflation Conference |
| 30-Sep | 1425 | --- | BOE Mann Fireside Chat At FT |
| 30-Sep | 1630 | --- | BOE Breeden Speech At Cardiff University |
| 01-Oct | 0930 | Sep | S&P Global Manufacturing PMI (Final) |
| 02-Oct | 0930 | Sep | Decision Maker Panel data |
| 03-Oct | 0930 | Sep | S&P Global Services / Composite PMI (f) |
| 03-Oct | 1420 | --- | BOE Bailey Keynote At Knot Farewell Symposium |
| 06-Oct | 0930 | Sep | S&P Global/CIPS Construction PMI |
| 10-Oct | 0001 | --- | KPMG / REC Report on Jobs |
| 14-Oct | 0001 | Sep | BRC-KPMG Shop Sales Monitor |
| 14-Oct | 0700 | Aug/Sep | Labour Market Report |
LOOK AHEAD: Eurozone Timeline of Key Events (Times BST)
Sep-24 05:18
| Date | Time | Country | Event |
| 24-Sep | 0800 | ES | PPI |
| 24-Sep | 0900 | DE | IFO Business Climate Index |
| 24-Sep | 1400 | BE | BNB Business Confidence |
| 25-Sep | 0700 | DE | GFK Consumer Climate |
| 25-Sep | 0745 | FR | Consumer Sentiment |
| 25-Sep | 0900 | EU | M3 |
| 26-Sep | 0800 | ES | GDP (f) |
| 26-Sep | 0815 | EU | ECB Cipollone At ECB-CEPR Conference |
| 26-Sep | 0900 | IT | ISTAT Businesss / Consumer Confidence |
| 26-Sep | 0900 | EU | ECB Consumer Expectations Survey |
| 29-Sep | 0750 | EU | ECB Cipollone Speech At Baltic Digital Euro Conference |
| 29-Sep | 0800 | ES | HICP (p) |
| 29-Sep | 1000 | EU | Consumer Conf, Ind Sentiment / ECB Schnabel On MonPol |
| 29-Sep | 1300 | EU | ECB Lane In Policy Panel At Inflation Conference |
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