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Resend: (H1) Attention Remains On 112.330 Resistance

SCHATZ TECHS
  • RES 4: 112.390 High Dec 16
  • RES 3: 112.368 61.8% retracement of the Dec 11 - 28 downleg
  • RES 2: 112.350 High Dec 21 / 22
  • RES 1: 112.330 High Jan 4 / 5 / 15 and a reversal trigger
  • PRICE: 112.290 @ 05:10 GMT Jan 19
  • SUP 1: 112.270 Low Jan 14
  • SUP 2: 112.240 Low Jan 12
  • SUP 3: 112.235 Low Dec 23 and the bear trigger
  • SUP 4: 112.210 Low Sep 1 (cont)

Schatz futures maintain a firmer tone despite the most recent pullback. The near-term focus is on 112.330, Jan 4 and 5 highs and the Jan 15 intraday high. A break of this level would strengthen a bullish case and also highlight a potential reversal exposing initially the resistance at 112.350, the Dec 21 and 22 high. On the downside, key support is at 112.235, Dec 28 low. A break would resume the downtrend.

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