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(M3) Bulls Cycle Still In Play

SCHATZ TECHS
  • RES 4: 107.400 High Oct 28 2022 (cont)
  • RES 3: 107.170 High Dec 2 2022 (cont)
  • RES 2: 107.000 Round number resistance
  • RES 1: 106.955 High Mar 20
  • PRICE: 106.460 @ 05:27 GMT Mar 21
  • SUP 1: 106.060/105.760 Low Mar 20 / 17
  • SUP 2: 105.575 Low Mar 16
  • SUP 3: 105.440 20-day EMA
  • SUP 4: 105.030 Low Mar 15

Schatz futures traded higher Monday and conditions remain volatile. The outlook is bullish despite yesterday’s pullback from the session high. A continuation of the trend would open the 107.00 handle next. On the downside, key short-term support is seen at the 20-day EMA. The average intersects at 105.440. A break of this EMA would highlight a bearish development. Initial firm support lies at 105.760, the Mar 17 low.

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