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(H4) Bull Cycle Remains In Play

SCHATZ TECHS
  • RES 4: 106.774 1.618 proj of the Nov 24 - 30 minor price swing
  • RES 3: 106.698 1.50 proj of the Nov 24 - 30 minor price swing
  • RES 2: 106.621 1.382 proj of the Nov 24 - 30 minor price swing
  • RES 1: 106.590 High Dec 27
  • PRICE: 106.550 @ 05:58 GMT Dec 28
  • SUP 1: 106.355/181 Low Dec 20 / 20-day EMA
  • SUP 2: 106.160 Low Dec 15
  • SUP 3: 105.955 Low Dec 13 and key short-term support
  • SUP 4: 105.780 Low Dec 1

Trend conditions in Schatz futures remain bullish and this week’s gains reinforce current conditions. The contract has cleared 106.495, the Dec 14 high. This confirmed a resumption of the uptrend and maintains the positive price sequence of higher highs and higher lows. Sights are on 106.621, a Fibonacci projection. Key short-term support has been defined at 105.955, Dec 13 low. A pullback would be considered corrective.

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