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(M1) Extends This Week's Gains

SCHATZ TECHS
  • RES 4: 112.174 0.618 proj of the Feb 26 - Mar 2 - Mar 10 price swing
  • RES 3: 112.165 High Mar 25 and the bull trigger
  • RES 2: 112.150 High Apr 8
  • RES 1: 112.125 High Apr 15
  • PRICE: 112.110 @ 05:17 BST Apr 22
  • SUP 1: 112.060 Low Mar 10 and Apr 20
  • SUP 2: 112.053 50.0% retracement of the Feb 26 - Mar 25 rally
  • SUP 3: 112.026 61.8% retracement of the Feb 26 - Mar 25 rally
  • SUP 4: 111.993 76.4% retracement of the Feb 26 - Mar 25 rally

Schatz futures have extended the recent recovery from Tuesday's low. The 20-day EMA has today been probed and a clear break would strengthen a short-term bullish theme signalling scope for gains towards 112.150, Apr 8 high. Support has been defined at 112.060, Mar 10 and Apr 20 low. A break of this level is required to reinstate the recent bearish focus. This would open 112.053, a Fibonacci retracement.

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