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(M2) Remains Below Its Recent High

SCHATZ TECHS
  • RES 4: 112.300 Round number resistance
  • RES 3: 112.210 High Mar 7 and short-term key resistance
  • RES 2: 112.015 High Mar 8
  • RES 1: 111.560/850 High Mar 11 / High Mar 9
  • PRICE: 111.375 @ 05:19 GMT Mar 14
  • SUP 1: 111.285 Low Mar 10
  • SUP 2: 111.240 Low Feb 23 and a key near-term support
  • SUP 3: 111.145 Low Feb 4 and the bear trigger
  • SUP 4: 111.100 Round number support

Schatz futures are trading closer to last week’s lows. The recent move lower is, for now, still considered corrective although the break of support at 111.655, Mar 3 low, suggests potential for a deeper pullback. This has opened 111.240, the Feb 23 low and a key short-term support. On the upside, a strong recovery would signal the end of last week’s bear leg and refocus attention on the key resistance at 112.210.

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