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(H4) Clears Resistance

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: 106.527 1.236 proj of the Nov 24 - 30 minor price swing
  • PRICE: 106.435 @ 06:46 GMT Dec 14
  • SUP 1: 106.290 High Dec 6 and a recent breakout level
  • SUP 2: 105.955/105.860 Low Dec 13 / 20-day EMA
  • SUP 3: 105.780 Low Dec 1
  • SUP 4: 105.640 Low Nov 29

Trend conditions in Schatz futures remain bullish and the latest rally reinforces current conditions. The contract has cleared resistance at 106.290, the Dec 6 high. This confirms a resumption of the uptrend and maintains the positive price sequence of higher highs and higher lows. Scope is seen for a climb towards 106.527, a Fibonacci projection. On the downside, key short-term support has been defined at 105.955, the Dec 13 low.

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