Free Trial

(U1) Directional Triggers Intact

SCHATZ TECHS
  • RES 4: 112.204 138.2 proj of the May 24 - 27 - 31 price swing
  • RES 3: 112.197 1.236 proj of the May 24 - 27 - 31 price swing
  • RES 2: 112.185 1.00 proj of the May 24 - 27 - 31 price swing
  • RES 1: 112.180 High May 27
  • PRICE: 112.155 @ 05:27 BST Jun 8
  • SUP 1: 112.145 Low Jun 3
  • SUP 2: 112.135 Low May 27, 28 and 31
  • SUP 3: 112.125 Low May 17
  • SUP 4: 112.110 Low Apr 20 and key support

Schatz futures traded lower yesterday and price remains within its recent range. Recent price action has defined key short-term directional triggers at; 112.180, May 27 high and 112.135, the lows between May 27 - 31. A break of support would strengthen a bearish case and open 112.120, May 17 low and the key support at 112.110. Clearance of resistance at 112.180 would instead signal scope for a stronger short-term recovery.

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.