Free Trial

(M9) Holding Above Key Support *RES....>

SCHATZ TECHS
SCHATZ TECHS: (M9) Holding Above Key Support
*RES 4: 112.035 October 2018 High 
*RES 3: 112.015 January 2019 High 
*RES 2: 112.005 High March 27 
*RES 1: 111.995 High Apr 2,3 
*PRICE: 111.920 @ 05:03 GMT Apr 12 
*SUP 1: 111.885 Low Apr 5, Uptrend support from Mar 4 low 
*SUP 2: 111.870 Low Mar 26 
*SUP 3: 111.845 Low Mar 22 
*SUP 4: 111.795/785 Low Mar 19,20/Low Mar 7 
Schatz futures continues to hold above key support at 111.885 which marks the
April 5 low and uptrend support from the March 4 low. A close below here would
shift the outlook bearish opening the March 26 low at 111.870 ahead of the March
22 low at 111.845. To regain the upper hand bulls target the April 2,3 highs at
111.995 above which would open the March 27 high at 112.005. 

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.