Free Trial

(M9) Recovery Extends *RES 4:..........>

SCHATZ TECHS
SCHATZ TECHS: (M9) Recovery Extends
*RES 4: 112.105 High Dec 6 (continuation chart) 
*RES 3: 112.005 High March 27 
*RES 2: 111.995 High Apr 2,3 
*RES 1: 111.970 High May 7
*PRICE: 111.960 @ 05:17 GMT May 8 
*SUP 1: 111.890/917 Low April 30/uptrend support from March 20 low 
*SUP 2: 111.883/860 55-dma/Low Apr 15 
*SUP 3: 111.845 Low Mar 22 
*SUP 4: 111.795/785 Low Mar 19,20/Low Mar 7 
Schatz futures took out the April 26 highs yesterday to bring bulls one step
closer to the April 2,3 highs at 111.995 and the ytd March 27 high which sits
just behind at 112.005. For bears a break below the April 30 low and uptrend
support at 111.890/917 is needed to regain momentum towards the 55-dma/April 15
low at 111.883/860.

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.