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Free Access(U17) Above 112.190 Targets............>
SCHATZ TECHS: (U17) Above 112.190 Targets 112.230/280
*RES 4: 112.280 Daily Bull channel top
*RES 3: 112.230 Monthly High June 12
*RES 2: 112.222 Bollinger band top
*RES 1: 112.200 High Aug 21
*PREVIOUS CLOSE: 112.200
*SUP 1: 112.180 Hourly support Aug 21
*SUP 2: 112.140 21-WMA
*SUP 3: 112.130 High Aug 1, Daily bull channel base
*SUP 4: 112.110 21-DMA
*COMMENTARY: Sideways trading 112.130-190 appears to have ended with a bullish
close above 112.190 that now sees bulls focused on the 112.230-280 region where
June highs and the daily bull channel top are located. Studies lingering at O/B
levels and the Bollinger top are key concern for bulls. Bears now need a close
below 112.160 to return pressure to 112.110-140 where 21 & 100-DMAs and the
21-WMA are situated.
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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.