Free Trial

(M9) 111.870 Gaining In Importance.....>

SCHATZ TECHS
SCHATZ TECHS: (M9) 111.870 Gaining In Importance
*RES 4: 111.925 High Feb 8 (continuation chart) 
*RES 3: 111.910 High Feb 19 (continuation chart) 
*RES 2: 111.895/884 High Feb 26/50-dma (continuation chart) 
*RES 1: 111.870 High Mar 8,12 
*PRICE: 111.860 @ 05:17 GMT Mar 13 
*SUP 1: 111.815 Low Mar 12 
*SUP 2: 111.755 Low Mar 7 
*SUP 3: 111.795 Low Mar 6 
*SUP 4: 111.740 Low Mar 5 
Schatz futures hit fresh weekly lows on an intraday basis yesterday before
recovering to test Friday's high at 111.870. A close above this level is needed
to break above down trendline resistance from the Jan 16 highs on the
continuation chart and challenge the 50-dma and Feb 26 high. On the downside
yesterday's low at 111.815 is the near term target, below which would bring the
March 7 low at 111.755 back into play.  

To read the full story

Close

Why MNI

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.