Free Trial

(H3) Support Remains Intact

  • RES 4: 107.023 1.764 proj of the Nov 1 - 24 - 28 price swing
  • RES 3: 107.000 Round number resistance
  • RES 2: 106.920 1.50 proj of the Nov 1 - 24 - 28 price swing
  • RES 1: 106.680/875 High Dec 13 / 2 and the bull trigger
  • PRICE: 106.545 @ 05:26 GMT Dec 14
  • SUP 1: 106.365 Low Dec 12
  • SUP 2: 106.335 Low Nov 28 and key near-term support
  • SUP 3: 106.310 Low Nov 11
  • SUP 4: 106.215 Low Nov 9

Schatz futures traded higher Tuesday. The contract remains above support at the Nov 28 low of 106.335. The short-term outlook is bullish and the latest pullback is considered corrective. 106.335 marks a key short-term support and if breached would undermine the recent bullish theme. A resumption of gains would refocus attention on 106.875, the Dec 2 high and a bull trigger. A break of 106.875 resumes the recent uptrend.

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.