Trial now
GERMAN DATA

PMI: "Unprecedented" rise in output prices

FRANCE DATA

PMI data: Inflationary pressures "grew stronger"

BONDS

Day ahead

SOUTH AFRICA

Local Press Warns Transnet Could Become Next Eskom

SILVER TECHS

Eyeing Key Resistance

(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.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com
MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com