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(H2) Still Inside Its Range

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: 112.170 @ 05:11 GMT Dec 22
  • SUP 1: 112.145 Low Dec 17
  • 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 faced strong selling pressure Dec 16 trading to 112.055 before rebounding and the contract is back inside its recent range. 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 has been defined as a key support, a breach is required to see bearish pressure return.

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