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(H3) Remains Soft

SCHATZ TECHS
  • RES 4: 106.875 High Dec 2 and the bull trigger
  • RES 3: 106.680 High Dec 13
  • RES 2: 106.570 High Dec 15
  • RES 1: 106.005/106.335 High Dec 16 / Low Nov 28
  • PRICE: 105.840 @ 05:54 GMT Dec 20
  • SUP 1: 105.805 Low Dec 16 and intraday low
  • SUP 2: 105.660 2.00 projection of the Dec 2 - 13 price swing
  • SUP 3: 105.540 2.236 projection of the Dec 2 - 13 price swing
  • SUP 4: 105.465 2.382 projection of the Dec 2 - 13 price swing

Schatz futures remain soft following last week’s sell-off - this resulted in a break of support at 106.335, the Nov 28 low. The break lower, signals potential for a deeper pullback that has opened 105.660 and 105.540, Fibonacci projections. On the upside, 106.335 is a firm resistance. A break of this level is required to suggest a potential reversal. This would open 106.680, the Dec 13 high.

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