Free Trial

(H0) Clears Resistance *RES 4:.........>

SCHATZ TECHS
SCHATZ TECHS: (H0) Clears Resistance
*RES 4: 112.101 138.2% retracement projection of the Jan 8 - Jan 21 decline
*RES 3: 112.095 High Jan 31 and Feb 3 and key bull trigger
*RES 2: 112.069 76.4% retracement of the Feb 3 - Feb 6 decline
*RES 1: 112.060 High Feb 4
*PRICE: 112.040 @ 04:06 GMT Feb 17
*SUP 1: 111.985 Low Feb 6 and key support
*SUP 2: 111.975 Low Jan 28 and 29
*SUP 3: 111.962 61.8% retracement of the Jan 21 - Jan 31 rally
*SUP 4: 111.931 76.4% retracement of the Jan 21 - Jan 31 rally
H0 Schatz was firmer Friday. Futures have breached resistance at 112.040, Feb 11
high and for now this places on hold the possibility of a deeper corrective
pullback. Instead, the move higher signals scope for a stronger recovery with
attention on key resistance and the bull trigger at 112.095, the Jan 31 and Feb
3 high. A break here would confirm a resumption of the rally that began on Jan
21. Key support has been defined at 111.985, Feb 6 low.

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.