Free Trial

(H18) 112.190-240 Resistance Region....>

SCHATZ TECHS
SCHATZ TECHS: (H18) 112.190-240 Resistance Region Key
*RES 4: 112.325 High Apr 18 
*RES 3: 112.270 Monthly high Sept 7 
*RES 2: 112.240 High Dec 7 
*RES 1: 112.190 High Dec 11
*PREVIOUS CLOSE: 112.155
*SUP 1: 112.108 55-DMA 
*SUP 2: 112.095 100-WMA 
*SUP 3: 112.036 Bollinger band base 
*SUP 4: 112.025 Monthly Lows Oct 26 & Nov 30
*COMMENTARY: Downside follow through remains lacking with H18 bouncing from the
55-DMA to retain pressure on 112.190-240. Bulls still need a close above 112.190
to ease bearish pressure and above 112.240 to reconfirm focus on 112.270-325.
Modestly O/B daily studies are less than ideal for bulls. In saying that, bears
continue to look for a close below the 55-DMA to end bullish hopes and confirm
immediate pressure back on the double daily bottom at 112.025.

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.