Free Trial

(H18) Closes Above 55-DMA *RES 4:......>

SCHATZ TECHS
SCHATZ TECHS: (H18) Closes Above 55-DMA
*RES 4: 112.110 Lows Dec 14 & 15 now resistance 
*RES 3: 112.035 High Dec 20 
*RES 2: 112.018 100-DMA 
*RES 1: 112.000 2018 Highs Jan 3 & 9
*PREVIOUS CLOSE: 111.955
*SUP 1: 111.948 55-DMA 
*SUP 2: 111.930 High Feb 20 - 22 now support 
*SUP 3: 111.895 Low Feb 21 
*SUP 4: 111.871 21-DMA
*COMMENTARY: Hesitation at the 111.930 level came to an end Friday with a close
above the 55-DMA seeing bullish focus now on 112.000-035 where the 100-DMA is
located. Bulls now look for a close above 112.035 to initially target 112.110.
The Bollinger top (111.951) is the key concern for bulls. Bears now need a close
below 111.930 to ease bullish pressure and below the 21-DMA to hint at a move
back to 111.765 and below 111.845 to confirm.

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.