Free Trial

(M0) Off Recent Highs *RES 4:..........>

SCHATZ TECHS
SCHATZ TECHS: (M0) Off Recent Highs
*RES 4: 113.000 Round number resistance
*RES 3: 113.918 1.236 projection of Mar '18 - Mar '19 rally from Jan 21 low
*RES 2: 112.900 Contract high Mar 9 and bull trigger
*RES 1: 112.780 High Mar 10
*PRICE: 112.725 @ 05:00 GMT Mar 11
*SUP 1: 112.550/485 Low Mar 9 / Low Mar 6
*SUP 2: 112.390 Low Mar 4
*SUP 3: 112.320 Low Mar 3
*SUP 4: 112.341 20-day EMA
Schatz futures traded lower initially yesterday before recovering off the day
low. The strong uptrend has been in overbought territory for some time and
perhaps now we can consider the start of a much needed technical correction.
Attention is on Friday's low of 112.485 where a break would open 112.390, the
Mar 4 low ahead of support highlighted by the 20-day EMA at 112.341. Initial
resistance this morning is at yesterday's 112.780 high.

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.