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SCHATZ TECHS
  • RES 4: 106.315 High Feb 8
  • RES 3: 106.145 High Feb 15
  • RES 2: 106.040 Low Feb 15
  • RES 1: 106.010 High Mar 8
  • PRICE: 105.770 @ 05:38 GMT Mar 13
  • SUP 1: 105.705 Low Mar 7
  • SUP 2: 105.640 Low Mar 5
  • SUP 3: 105.575 Low Mar 1
  • SUP 4: 105.490 Low Feb 29 and the bear trigger

The downtrend in Schatz futures remains intact, however, for now a corrective cycle is still in play despite this week’s move down. Resistance at 105.850, the Feb 26 high, has been cleared signalling scope for a climb towards 106.145, the Feb 15 high. The bear trigger lies at 105.490, the Feb 29 low. A stronger reversal lower and a break of this level would confirm a resumption of the downtrend that started in December last year.

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