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Free AccessSCHATZ TECHS: (U4) Support Remains Intact For Now
- RES 4: 107.120 2.00 proj of the May 24 - Jun 14 - Jul 5 price swing
- RES 3: 106.916 1.764 proj of the May 24 - Jun 14 - Jul 5 price swing
- RES 2: 106.500/106.810 High Aug 6 / 5 and the bull trigger
- RES 1: 106.360 High Aug 22
- PRICE: 106.265 @ 06:15 BST Sep 4
- SUP 1: 106.125 Low Aug 15
- SUP 2: 106.052 50-day EMA
- SUP 3: 105.935 Low Jul 30
- SUP 4: 105.630/495 Low Jul 22 / 11
An uptrend in Schatz futures remains intact and recent weakness is considered corrective. The contract has pierced firm support at 106.208, the 20-day EMA. A clear break of it would be seen as a possible early bearish threat. Pivot support at the 50-day EMA, lies at 106.059. Initial resistance is at 106.360, the Aug 22 high. A break would signal a potential resumption of the uptrend.
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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.