SCHATZ TECHS: (M5) Unwinding An Oversold Condition
Mar-26 06:29
* RES 4: 107.120 High Mar 4 and key resistance * RES 3: 106.951 76..4% retracement of the Mar 4 - 6 ...
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LOOK AHEAD: UK Timeline of Key Events (GMT Times)
Feb-24 06:23
| Date | UK | Period | Event |
| 24-Feb | 0900 | BOE's Lombardelli remarks at BOE BEAR Conference | |
| 24-Feb | 1315 | BOE's Ramsden & Saporta on CB Balance sheet during QT | |
| 24-Feb | 1800 | BOE's Dhingra on state of the UK monetary policies | |
| 25-Feb | 1100 | Feb | CBI Distributive Trades |
| 25-Feb | 1400 | BOE's Pill remarks at BEAR Conference | |
| 26-Feb | 1630 | BOE's Dhingra on Trade fragmentation and monetary policy | |
| 28-Feb | 0700 | BOE's Ramsden speech on MonPol in geopolitical fragmentation | |
| 03-Mar | 0930 | Jan | BOE Lending to Individuals/ M4 |
| 03-Mar | 0930 | Feb | S&P Global Manufacturing PMI (Final) |
| 04-Mar | 0001 | Feb | BRC Monthly Shop Price Index |
| 05-Mar | 0930 | Feb | S&P Global Services/ Composite PMI (Final) |
| 06-Mar | 0930 | Feb | Decision Maker Panel data |
| 06-Mar | 0930 | Feb | S&P Global/CIPS Construction PMI |
| 07-Mar | 1500 | BOE's Mann lecture at RBNZ on 'holding anchor' | |
| 11-Mar | 0001 | Feb | BRC-KPMG Shop Sales Monitor |
| 12-Mar | 0730 | DMO propose calendar for first 3 weeks of FY25/26 |
SCHATZ TECHS: (H5) Resistance Remains Intact For Now
Feb-24 06:21
- RES 4: 107.081 61.8% retracement of the Dec 2 ‘24 - Jan 15 bear leg
- RES 3: 107.045 High Feb 3 and a key resistance
- RES 2: 106.975 High Feb 10
- RES 1: 106.855 High Feb 12 / 21 and a key near-term resistance
- PRICE: 106.775@ 06:03 GMT Feb 24
- SUP 1: 106.630 Low Feb 20 and a key near term support
- SUP 2: 106.600 Low Jan 31
- SUP 3: 106.515 Low Jan 30
- SUP 4: 106.435 Low Jan 15 and a bear trigger
A bull cycle that began Jan 15 in Schatz futures remains in play, marking the pullback from the early February highs as corrective - for now. However, recent weakness also highlights a bear threat and support to watch lies at 106.630, the Feb 20 low. Clearance of this level would resume a bear cycle and signal scope for a deeper retracement. For bulls, initial firm resistance to watch is 106.855, the Feb 12 high. A break would be bullish.
LOOK AHEAD: Eurozone Timeline of Key Events (GMT Times)
Feb-24 06:18
| Date | Time | Country | Event |
| 24-Feb | 900 | DE | IFO Business Climate Index |
| 24-Feb | 1000 | EU | HICP (f) |
| 24-Feb | 1400 | BE | BNB Business Confidence |
| 25-Feb | 700 | DE | GDP (f) |
| 25-Feb | 1300 | EU | ECB's Schnabel at BOE's Conference on Balance Sheet |
| 26-Feb | 700 | DE | GFK Consumer Climate |
| 26-Feb | 745 | FR | Consumer Sentiment |
| 26-Feb | 800 | ES | PPI |
| 26-Feb | EU | ECB's Lagarde & Cipollone in G20 FMs/ CB Governors meeting | |
| 27-Feb | 745 | FR | PPI |
| 27-Feb | 800 | ES | HICP (p) |
| 27-Feb | EU | M3 | |
| 27-Feb | 900 | IT | ISTAT Consumer/ Business Confidence |
| 27-Feb | 1000 | EU | Consumer Confidence, Industrial Sentiment |
| 27-Feb | 1230 | EU | Publication of MonPol Meeting Account |
