Free Trial

(U18) 21 & 55-DMAs Key Resistance......>

SCHATZ TECHS
SCHATZ TECHS: (U18) 21 & 55-DMAs Key Resistance Levels
*RES 4: 112.085 Lows July 2 & 3 now resistance 
*RES 3: 112.032 21-DMA 
*RES 2: 112.010 High July 23 
*RES 1: 111.993 55-DMA
*PREVIOUS CLOSE: 111.955
*SUP 1: 111.935 Low July 26 
*SUP 2: 111.884 100-DMA 
*SUP 3: 111.865 Monthly Low June 14 
*SUP 4: 111.815 Alternating daily support/resistance
*COMMENTARY: Pressure on 111.940 resulted in a marginal break although the lack
of follow through and bounce is less than ideal for bears. Bears now look for a
close below 111.935 to confirm initial focus on 111.865-886 where the 100-DMA is
located. Bulls continue to look for a close above 112.010 to confirm traction
above the 55-DMA and ease bearish pressure with above the 21-DMA to shift focus
higher.

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.