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Free Access(M18) 111.915-930 Support Region Key...>
SCHATZ TECHS: (M18) 111.915-930 Support Region Key
*RES 4: 112.115 High Dec 18 (Cont)
*RES 3: 112.065 Monthly Low Sept 21 now resistance (Cont)
*RES 2: 112.050 2018 High Mar 5 (Cont)
*RES 1: 111.990 Monthly High Mar 28
*PREVIOUS CLOSE: 111.945
*SUP 1: 111.930 Low Mar 26
*SUP 2: 111.915 High Mar 19 now support
*SUP 3: 111.855 Low Mar 15
*SUP 4: 111.830 Low Mar 14
*COMMENTARY: Bulls take comfort from Thursday's gains with the close above
111.915 reconfirming bullish momentum and above 111.945 confirming initial focus
on 112.050/065.Topside hesitation remains a concern with daily studies
correcting from O/B. In saying that, bears still look for a close below 111.915
to ease bullish pressure and shift initial focus back to 111.855-893 where the
21-DMA (111.893) is located.
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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.