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(U1) Remains Above Support

SCHATZ TECHS
  • RES 4: 112.213 1.764 proj of the May 24 - 27 - 31 price swing
  • RES 3: 112.216 1.618 proj of the May 24 - 27 - 31 price swing
  • RES 2: 112.210 High Jun 11
  • RES 1: 112.185 High Jun 15 and 16
  • PRICE: 112.160 @ 05:21 BST Jun 21
  • SUP 1: 112.145 Low Jun 3, 18 and intraday low
  • SUP 2: 112.135 Low May 27, 28 and 31 and key near-term support
  • SUP 3: 112.120 Low May 17
  • SUP 4: 112.110 Low Apr 20

Schatz futures are unchanged and trading near recent lows and remain below the Jun 11 high of 112.210. Attention is on support at 112.135, the May 27, 28 and 31 lows. A break of this level would strengthen a bearish case and expose the May low of 112.120. On the upside, key resistance has been defined at 112.210, Jun 11 high where a break is required to confirm a bullish price structure and resume the recent uptrend.

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