Free Trial

(M9) Recovery Efforts Lack Momentum....>

SCHATZ TECHS
SCHATZ TECHS: (M9) Recovery Efforts Lack Momentum
*RES 4: 112.035 October 2018 High 
*RES 3: 112.015 January 2019 High 
*RES 2: 112.005 High March 27 
*RES 1: 111.945 High Apr 4 
*PRICE: 111.915 @ 05:07 GMT Apr 9 
*SUP 1: 111.900 Pivot, Low Apr 5 
*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 continue to trade just above the 111.900 pivot level but recovery
efforts have lacked momentum keeping the focus on the downside. 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 need to recover the April 4
high at 111.945 which would shift the focus back to 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.