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(M18) Rally Nears Fibo Resistance At...>

SCHATZ TECHS
SCHATZ TECHS: (M18) Rally Nears Fibo Resistance At 112.360
*RES 4: 112.510 76.4% Fibo of 112.750-111.720
*RES 3: 112.380 Dec 2016 high
*RES 2: 112.360 61.8% Fibo of 112.750-111.720
*RES 1: 112.340 Intraday high
*PRICE: 112.330 @0805GMT
*SUP 1: 112.280/290 Hourly support
*SUP 2: 112.230 May 28 high, now support
*SUP 3: 112.190 Initial rally high May 28, now support
*SUP 4: 112.170 Intraday low
*COMMENTARY* Friday's rise exceeded the anticipated 112.090 area, a brief rally
to 112.110, before being quickly reversed. Held above 112.020 support and then
proceeded to blow away all resistance between 112.200-112.220. Has continued
higher today, 112.340 seen so far as we approach next Fibo resistance at
112.360. Support comes initially from 112.290-112.280, with 112.230-112.190 of
more consequence below.

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