Free Trial

(H9) Weakness Extends *RES 4:..........>

SCHATZ TECHS
SCHATZ TECHS: (H9) Weakness Extends
*RES 4: 111.925 High Feb 8/Jan 29/Jan 24 
*RES 3: 111.895/898/910 High Feb26/50-dma/High Feb19 
*RES 2: 111.865 High Feb 27 
*RES 1: 111.855 High Feb 28 
*PRICE: 111.815 @ 03:58 GMT Mar 1 
*SUP 1: 111.800 Low Feb 28 
*SUP 2: 111.770 Low Dec 13 
*SUP 3: 111.730 Low Oct 5 (continuation chart) 
*SUP 4: 111.710 Low Sep 24,25,26 (continuation chart) 
Schatz futures extended their downtrend yesterday bringing the Dec 13 low into
focus at 111.770. Below here would open a run at the Oct 5 low at 111.730 ahead
of the key Sep 24,25,26 lows at 111.710. To shift the outlook neutral bulls need
to take out yesterday's high at 111.855, above which would open the Feb 26 high
at 111.895.

To read the full story

Close

Why MNI

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.