December 21, 2022 05:54 GMT
(H3) Remains Vulnerable
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: 105.810 @ 05:36 GMT Dec 21
- SUP 1: 105.770 Low Dec 20
- 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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