Free Trial

(H18) Hesitating Around 21-DMA,........>

SCHATZ TECHS: (H18) Hesitating Around 21-DMA, 111.940 Key
*RES 4: 112.035 High Dec 20 
*RES 3: 112.000 High Dec 21 & Jan 3 
*RES 2: 111.985 High Jan 11 
*RES 1: 111.940 Lows Jan 4 & 8 now resistance
*SUP 1: 111.910 Hourly resistance Jan 19 now support 
*SUP 2: 111.885 Low Jan 18 
*SUP 3: 111.848 Bollinger band base 
*SUP 4: 111.830 2018 Low Jan 12
*COMMENTARY: The contract is flirting with the 21-DMA (111.936) as bulls now
look for a close above 111.940 to confirm a break, shifting immediate focus to
111.985-000 and overall focus to 55 & 100-DMAs 112.057-076. Bears continue to
look for a close below 111.910 to ease pressure on 111.9140 and return immediate
focus to retests of 2018 lows.

To read the full story


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.