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(H3) Support Remains Intact

SCHATZ TECHS
  • RES 4: 106.517 76.4% retracement of the Dec 2 - Jan 2 bear leg
  • RES 3: 106.370 Low Dec 12
  • RES 2: 106.296 61.8% retracement of the Dec 2 - Jan 2 bear leg
  • RES 1: 105.955/106.155 High Jan 20 / 18 and the bull trigger
  • PRICE: 105.865 @ 05:37 GMT Jan 25
  • SUP 1: 105.760 Low Jan 23
  • SUP 2: 105.735 Low Jan 16 and a key short-term support
  • SUP 3: 105.375 Low Jan 11
  • SUP 4: 105.625 Low Jan 10

Schatz futures trend conditions remain bullish and the latest pullback is considered corrective - for now. Recent gains reinforced a bullish theme and signals potential for a climb towards 106.296, 61.8% of the Dec 2 - Jan 2 bear leg. On the downside, the firm support to watch lies at 105.735, the Jan 16 low. A break would alter the picture and instead signal potential for a deeper retracement.

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  • RES 4: 106.517 76.4% retracement of the Dec 2 - Jan 2 bear leg
  • RES 3: 106.370 Low Dec 12
  • RES 2: 106.296 61.8% retracement of the Dec 2 - Jan 2 bear leg
  • RES 1: 105.955/106.155 High Jan 20 / 18 and the bull trigger
  • PRICE: 105.865 @ 05:37 GMT Jan 25
  • SUP 1: 105.760 Low Jan 23
  • SUP 2: 105.735 Low Jan 16 and a key short-term support
  • SUP 3: 105.375 Low Jan 11
  • SUP 4: 105.625 Low Jan 10

Schatz futures trend conditions remain bullish and the latest pullback is considered corrective - for now. Recent gains reinforced a bullish theme and signals potential for a climb towards 106.296, 61.8% of the Dec 2 - Jan 2 bear leg. On the downside, the firm support to watch lies at 105.735, the Jan 16 low. A break would alter the picture and instead signal potential for a deeper retracement.