Free Trial

(M18) Still On Course To Reach.........>

SCHATZ TECHS: (M18) Still On Course To Reach 111.960-111.970
*RES 4: 112.020 Dec 19 low, now resistance
*RES 3: 111.990 0.1% volatility band
*RES 2: 111.960/970 Equality rise tgt, 61.8% 112.200-111.590
*RES 1: 111.940 Intraday high
*PRICE: 111.920 @0815GMT
*SUP 1: 111.860 Mar 19 low
*SUP 2: 111.830 Mar 5 high, Mar 14 low
*SUP 3: 111.800 Congestion area Mar 1-Mar 8
*SUP 4: 111.770 Feb 26 high, Mar 6 low
*COMMENTARY* Has today risen above the week's previous 111.920 high, reaching
111.940 so far, as we work our way toward the next resistances of note, the
equality rise from 111.72 at 111.960 and the 61.8% Fibo retrace level at
111.970. This of the preceding 112.200-111.590 fall, seen over the early part of
the year. Initial support moves to 111.860-111.830, loss would caution near term
and suggest scope for a further 111.800-111.770 fall.

To read the full story



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.