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Free Access(M9) Bullish Trend Change *RES 4:......>
SCHATZ TECHS: (M9) Bullish Trend Change
*RES 4: 111.995 High Jan 16
*RES 3: 111.925 High Feb 8/Jan 29/200-dma(continuation chart)
*RES 2: 111.910 High Feb 19 (continuation chart)
*RES 1: 111.905 High Mar 22
*PRICE: 111.890 @ 05:16 GMT Mar 25
*SUP 1: 111.845 Low Mar 22
*SUP 2: 111.815 Low Mar 21
*SUP 3: 111.795/785 Low Mar 19,20/Low Mar 7
*SUP 4: 111.750 Low Mar 6
Schatz futures mounted a strong recovery late last week improving the outlook
and shifting the focus to the Feb 19 high on the continuation chart at 111.910.
Above here would bring the key 111.925 level into focus which holds the Jan 29
and Feb 8 highs as well as the 200-dma. Bears initially need to take out
Friday's low at 111.845 to return the outlook neutral, but the 111.795 level
remains the key support area.
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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.