Free Trial

(M9) 112.040 Caps Gains *RES 4:........>

SCHATZ TECHS
SCHATZ TECHS: (M9) 112.040 Caps Gains
*RES 4: 112.460 High May 29 (continuation chart) 
*RES 3: 112.135 High June 21, 2018 (continuation chart) 
*RES 2: 112.095 High May 15 
*RES 1: 112.040 High May 21,23,24 
*PRICE: 112.025 @ 02:00 GMT May 27 
*SUP 1: 111.994/990 21-dma/Low May 22 
*SUP 2: 111.975 Low May 13 
*SUP 3: 111.960 High April 26 
*SUP 4: 111.934 55-dma 
Schatz futures continue to face stiff resistance at 112.040 with rally attempts
failing to overcome this level. Bears now have an opportunity to build on recent
weakness with a break below the 21-dma/May 22 low at 111.994/990 needed to
suggest a downside reversal towards the May 13 low at 111.975. A close above
112.040 would reignite upside momentum towards the May 15 high at 112.095, above
which would open the June 21 high on the continuation chart at 112.135.

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.