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(M3) Corrective Pullback Extends

SCHATZ TECHS
  • RES 4: 107.110 High Dec 7 2022 (cont)
  • RES 3: 106.955 High Mar 20 and key resistance
  • RES 2: 106.315/695 High Mar 27 / 24
  • RES 1: 106.050 High Mar 28
  • PRICE: 105.795 @ 05:40 BST Mar 30
  • SUP 1: 105.721 20-day EMA
  • SUP 2: 105.575 Low Mar 22
  • SUP 3: 105.336 61.8% retracement of the Mar 9 - 20 rally
  • SUP 4: 105.030 Low Mar 15

A key support in Schatz futures lies at 105.721, the 20-day EMA, where a break is required to strengthen a bearish threat and signal scope for a deeper pullback. This would open 105.575, the Mar 22 low. For now, the recent move lower appears to be a correction. On the upside, key resistance and the bull trigger is at 106.955, the Mar 20 high. Initial resistance is seen at 106.050, Tuesday’s high.

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