Free Trial

(U17) Above 112.190 Targets............>

SCHATZ TECHS
SCHATZ TECHS: (U17) Above 112.190 Targets 112.230/270
*RES 4: 112.270 Daily Bull channel top 
*RES 3: 112.230 Monthly High June 12 
*RES 2: 112.205 Bollinger band top 
*RES 1: 112.190 High Aug 11 & 14
*PREVIOUS CLOSE: 112.150
*SUP 1: 112.140 21-WMA 
*SUP 2: 112.130 High Aug 1 
*SUP 3: 112.125 Bull channel base 
*SUP 4: 112.100 Hourly support Aug 9, 21-DMA
*COMMENTARY: Sideways trading 112.130-190 persists with bulls taking comfort in
support emerging on dips. The Bollinger top remains the key concern having
recently limited follow through. Bears look for a close below 112.130 to confirm
an easing of bullish pressure and below the 21-DMA to target 112.020-060 where
key DMAs are situated. Bulls need a close above 112.190 ease pressure on support
layers and reconfirm a bullish bias targeting 112.230-270.

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.