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(M1) Heading North

  • RES 4: 112.201 0.764 proj of the Feb 26 - Mar 2 - Mar 10 price swing
  • RES 3: 112.199 50-day EMA (cont)
  • RES 2: 112.174 0.618 proj of the Feb 26 - Mar 2 - Mar 10 price swing
  • RES 1: 112.160 High Mar 25
  • PRICE: 112.155 @ 05:24 GMT Mar 26
  • SUP 1: 112.120 Low Mar 22 and 23
  • SUP 2: 112.095 Low Mar 19
  • SUP 3: 112.070 Low Mar 18 and a key near-term support
  • SUP 4: 112.060 Low Mar 10

Schatz futures maintain a firmer tone. The contract has this week breached resistance at 112.125, Mar 1 / 2 high. The break strengthens a short-term bullish theme and confirms a resumption of the recovery that started Feb 26. Attention is on 112.174, a Fibonacci projection. On the downside, initial firm support has been defined at 112.070, Mar 18 low. A break is required to reinstate a bearish theme.

MNI London Bureau | +44 203-586-3805 |
MNI London Bureau | +44 203-586-3805 |

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