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(H2) Remains Below Monday’s High

SCHATZ TECHS
  • RES 4: 112.375 1.382 proj of the Nov 16 - 26 - Dec 1 price swing
  • RES 3: 112.350 1.236 proj of the Nov 16 - 26 - Dec 1 price swing
  • RES 2: 112.305 High Nov 26 and the bull trigger
  • RES 1: 112.265 High Dec 20
  • PRICE: 112.145 @ 05:19 GMT Dec 23
  • SUP 1: 112.130 Low Dec 22
  • SUP 2: 112.055 Low Dec 16 and key support
  • SUP 3: 112.031 1.236 proj of the Nov 26 - Dec 1 - Dec 3 price swing
  • SUP 4: 112.007 1.382 proj of the Nov 26 - Dec 1 - Dec 3 price swing

Schatz futures edged lower yesterday, extending the pullback from Monday’s high. Price is still trading inside its recent range though. Attention is on resistance at 112.235, the Dec 2 / 3 high that was breached Monday. A clear break would be a bullish development and open the key resistance hurdle at 112.305, Nov 26 high. 112.055 marks the key support, Dec 16 low. A break is required to see bearish pressure return.

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