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Free Access(M18) Pressure Now On 100-WMA *RES.....>
SCHATZ TECHS: (M18) Pressure Now On 100-WMA
*RES 4: 112.160 Weekly low Dec (Cont) now resistance
*RES 3: 112.150 Weekly Bear channel top off 2017 high
*RES 2: 112.115 High Dec 18 (Cont) 2018 High May 25
*RES 1: 112.112 100-WMA
*PREVIOUS CLOSE: 112.105
*SUP 1: 112.065 Alternating support/resistance
*SUP 2: 112.050 High Mar 5 (Cont) & May 24 now support
*SUP 3: 111.985 Low May 24
*SUP 4: 111.945 Highs Apr 5 & 6 now support
*COMMENTARY: Gains continued Friday for the contract with focus now on
112.112/160 where the weekly bear channel top off 2017 highs and 100-WMA are
noted. Bulls need a close above 112.160 to confirm breaks and shift focus to the
double daily top at 112.360. Bears now need a close below 112.050 to gain
breathing room and below 111.985 to shift focus back to 111.870-930 where 55 &
100-DMAs and a daily bull channel base are situated.
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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.